PPP Loan information for Todd wenzel buick gmc, inc.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TODD WENZEL BUICK GMC, INC.

Borrower Address

2727 28TH ST SE

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49512-1610

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1641824.00

Current Approval Amount

1641824.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49512-1610

CD

MI-03

Jobs Reported

129

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

46007.00

Payroll Proceed

1313460.00

Mortgage Interest Proceed

0.00

Rent Proceed

238820.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

43537

Business Type

Subchapter S Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1652574.57

Forgiveness Date

12/09/2020