PPP Loan information for Independence ford, inc

$232,800

Independence ford, inc was initially approved for PPP Loan of amount $232,800, the current approved amount is $232,800. The loan was approved on 04/12/2020 by The Alerus Financial, National Association reported 23 jobs and $232,800 was used to fund payroll.

Independence ford, inc is Existing or more than 2 years old

PPP Loan Search / IA / INDEPENDENCE / Independence ford, inc

INDEPENDENCE FORD, INC

Date Approved

04/12/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

INDEPENDENCE FORD, INC

Borrower Address

2000 ENTERPRISE DR E

Borrower City

INDEPENDENCE

Borrower State

IA

Borrower Zip

50644-1231

Loan Status Date

05/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

232800.00

Current Approval Amount

232800.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

INDEPENDENCE

Project County Name

BUCHANAN

Project State

IA

Project Zip

50644-1231

CD

IA-02

Jobs Reported

23

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

29100.00

Payroll Proceed

174600.00

Mortgage Interest Proceed

0.00

Rent Proceed

29100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

235043.93

Forgiveness Date

03/31/2021

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