As part of the Paycheck Protection Program RAY LAETHEM BUICK GMC, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

RAY LAETHEM BUICK GMC, INC


Loan Amount	$1,661,386
BusinessName	RAY LAETHEM BUICK GMC, INC
Address	17677 MACK AVE
City	DETROIT
State	MI
Zip	48224
NAICSCode	441110
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/10/2020
Lender	Ally Bank
CD	MI-14
BusinessName.clean	RAY LAETHEM BUICK GMC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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RAY MURRAY
RAY PENA MCCHRISTIAN PC