PPP Loan information for Todd wenzel chevrolet, inc.

$966,397

Todd wenzel chevrolet, inc. was initially approved for PPP Loan of amount $966,397, the current approved amount is $966,397. The loan was approved on 04/07/2020 by The Mercantile Bank reported 84 jobs and $966,397 was used to fund payroll.

Todd wenzel chevrolet, inc. is Existing or more than 2 years old

PPP Loan Search / MI / HUDSONVILLE / Todd wenzel chevrolet, inc.

TODD WENZEL CHEVROLET, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TODD WENZEL CHEVROLET, INC.

Borrower Address

3156 HIGHLAND BLVD

Borrower City

HUDSONVILLE

Borrower State

MI

Borrower Zip

49426-9455

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

966397.00

Current Approval Amount

966397.00

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

HUDSONVILLE

Project County Name

OTTAWA

Project State

MI

Project Zip

49426-9455

CD

MI-02

Jobs Reported

84

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

37279.00

Payroll Proceed

773118.00

Mortgage Interest Proceed

0.00

Rent Proceed

156000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

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

972724.91

Forgiveness Date

12/09/2020

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