PPP Loan information for Michael bates chevrolet, inc.

$872,700

Michael bates chevrolet, inc. was initially approved for PPP Loan of amount $872,700, the current approved amount is $872,700. The loan was approved on 04/12/2020 by The Live Oak Banking Company reported 70 jobs and $872,700 was used to fund payroll.

Michael bates chevrolet, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Woodhaven / Michael bates chevrolet, inc.

MICHAEL BATES CHEVROLET, INC.

Date Approved

04/12/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MICHAEL BATES CHEVROLET, INC.

Borrower Address

23755 Allen Rd

Borrower City

Woodhaven

Borrower State

MI

Borrower Zip

48183

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

872700.00

Current Approval Amount

872700.00

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

48183-0001

CD

MI-06

Jobs Reported

70

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

872700.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

882718.12

Forgiveness Date

06/11/2021

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