PPP Loan information for Lou bachrodt chvrolet co

$1,521,000

Lou bachrodt chvrolet co was initially approved for PPP Loan of amount $1,521,000, the current approved amount is $1,521,000. The loan was approved on 03/01/2021 by The Comerica Bank reported 144 jobs and $1,521,000 was used to fund payroll.

Lou bachrodt chvrolet co is Existing or more than 2 years old

PPP Loan Search / IL / Rockford / Lou bachrodt chvrolet co

LOU BACHRODT CHVROLET CO

Date Approved

03/01/2021

SBA Office Code

0507

Processing Method

PPS

Borrower Name

LOU BACHRODT CHVROLET CO

Borrower Address

7070 Cherryvale North Blvd

Borrower City

Rockford

Borrower State

IL

Borrower Zip

61112-1002

Loan Status Date

01/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1521000.00

Current Approval Amount

1521000.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rockford

Project County Name

WINNEBAGO

Project State

IL

Project Zip

61112-1002

CD

IL-16

Jobs Reported

144

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1520995.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1533083.50

Forgiveness Date

12/16/2021

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