PPP Loan information for Todd wenzel buick gmc of davison, inc.

$906,432

Todd wenzel buick gmc of davison, inc. was initially approved for PPP Loan of amount $906,432, the current approved amount is $906,432. The loan was approved on 04/07/2020 by The Mercantile Bank reported 79 jobs and $906,432 was used to fund payroll.

Todd wenzel buick gmc of davison, inc. is Existing or more than 2 years old

PPP Loan Search / MI / DAVISON / Todd wenzel buick gmc of davison, inc.

TODD WENZEL BUICK GMC OF DAVISON, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TODD WENZEL BUICK GMC OF DAVISON, INC.

Borrower Address

1146 S STATE RD

Borrower City

DAVISON

Borrower State

MI

Borrower Zip

48423-1906

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

906432.00

Current Approval Amount

906432.00

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

DAVISON

Project County Name

GENESEE

Project State

MI

Project Zip

48423-1906

CD

MI-08

Jobs Reported

79

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18545.00

Payroll Proceed

725146.00

Mortgage Interest Proceed

0.00

Rent Proceed

100000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

62741

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

912367.27

Forgiveness Date

12/09/2020

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