ADVANTAGE FORD LINCOLN SALES, INC (OH) - 2020 PPP Loan Borrower Profile (# 1304667106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANTAGE FORD LINCOLN SALES, INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Ohio.

Loan Detail

Loan Number

1304667106

SBA Office Code

0549

Processing Method

PPP

Curent Loan Amount

$236,000

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$237,743.78

Date Loan was Forgiven

Jan 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

29,500

Payroll Proced

177,000

Mortgage Interest Proceed

29,500

Lender

The Croghan Colonial Bank

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

FREMONT, OH

Project Location

FREMONT, OH

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.