Subsidy Tracker Individual Entry

Company: 
GM Supplier Receivables, LLC
Parent Company: 
General Motors
Subsidy Source: 
federal
State in Which Facility Is Located: 
Michigan
Year: 
2009
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles
Value of Loan, Loan Guarantee or Bailout Assistance: 
$290,000,000
Loan Value Notes: 

Loan amounts do not reflect repayments. See the original source for that information.

Program Name: 
Troubled Asset Relief Program (TARP) - Auto Supplier Support Program
Awarding Agency: 
Treasury Department
Type of Subsidy: 
federal loan or loan guarantee
Source of Data: 

Page 127 of the October 29, 2014 Quarterly Report to Congress of the Office of the Special Inspector General for the Troubled Asset Relief Program; http://www.sigtarp.gov/Quarterly%20Reports/October_29_2014_Report_to_Con...

Notes: 

The loan, which was designed to help stabilize the automotive supply base and restore credit flows, was later repaid.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.