PPP Loan information for Fairlane ford sales, inc.

$794,100

Fairlane ford sales, inc. was initially approved for PPP Loan of amount $794,100, the current approved amount is $794,100. The loan was approved on 04/29/2020 by The Comerica Bank reported 76 jobs and $794,100 was used to fund payroll.

Fairlane ford sales, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Dearborn / Fairlane ford sales, inc.

FAIRLANE FORD SALES, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FAIRLANE FORD SALES, INC.

Borrower Address

14585 Michigan Ave

Borrower City

Dearborn

Borrower State

MI

Borrower Zip

48126-3438

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

794100.00

Current Approval Amount

794100.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Dearborn

Project County Name

WAYNE

Project State

MI

Project Zip

48126-3438

CD

MI-12

Jobs Reported

76

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

635346.00

Mortgage Interest Proceed

158754.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

800739.56

Forgiveness Date

03/01/2021

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