PPP Loan information for Taylor chevrolet inc

$970,913

Taylor chevrolet inc was initially approved for PPP Loan of amount $970,913, the current approved amount is $970,913. The loan was approved on 03/27/2021 by The Ally Bank reported 72 jobs and $970,913 was used to fund payroll.

Taylor chevrolet inc is Existing or more than 2 years old

PPP Loan Search / MI / Taylor / Taylor chevrolet inc

TAYLOR CHEVROLET INC

Date Approved

03/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

TAYLOR CHEVROLET INC

Borrower Address

13801 Telegraph Rd

Borrower City

Taylor

Borrower State

MI

Borrower Zip

48180-4640

Loan Status Date

02/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

970913.15

Current Approval Amount

970913.15

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Taylor

Project County Name

WAYNE

Project State

MI

Project Zip

48180-4640

CD

MI-13

Jobs Reported

72

NAICS Code

441110

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

970911.15

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

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

978950.15

Forgiveness Date

01/31/2022

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