PPP Loan information for Michael bates chevrolet inc.

Date Approved

03/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MICHAEL BATES CHEVROLET INC.

Borrower Address

23755 Allen Rd

Borrower City

Woodhaven

Borrower State

MI

Borrower Zip

48183-3393

Loan Status Date

02/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

721990.00

Current Approval Amount

721990.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Woodhaven

Project County Name

WAYNE

Project State

MI

Project Zip

48183-3393

CD

MI-06

Jobs Reported

68

NAICS Code

441110

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

721986.00

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

Corporation

Originating Lender Location Id

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

727390.09

Forgiveness Date

01/06/2022