COVID Stimulus Watch Individual Entry

Recipient Company:

1st Gear Auto, Inc./Akron Auto Finance, LLC/The LGM Co., Inc./Miami Car Credit, LLC/North East Auto Credit, LLC

Loan or Loan Guarantee Amount:

$18,250,644

Recipient Details

Ownership Structure: privately held

Facility City: Bedford/Miami Beach/Independence/Akron

Facility State: OH

Award Details

Award Date: Dec 17, 2020

Award Type: loan

Award Details: Amount is principal amount of loan purchased by the Main Street Loan Program. This loan has multiple co-borrowers. CO-BORROWERS: 1. 1st Gear Auto, Inc. (Bedford, OH); 2. Akron Auto Finance, LLC (Akron, OH); 3. The LGM Co., Inc. (Independence, OH); 4. Miami Car Credit, LLC (Miami Beach, FL); 5. North East Auto Credit, LLC (Independence, OH).

PPP Lender: CFBank National Association

Program Name: Main Street Loan Program

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Good Jobs First has not matched this entity to a parent company.

Accountability Issues Since 2010

Good Jobs First does not have any accountability data for this record.