PPP Loan information for Norfolk motor company

Date Approved

04/10/2020

SBA Office Code

0766

Processing Method

PPP

Borrower Name

NORFOLK MOTOR COMPANY

Borrower Address

1123 S 20th St

Borrower City

NORFOLK

Borrower State

NE

Borrower Zip

68701-4634

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

918300.00

Current Approval Amount

918300.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) 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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORFOLK

Project County Name

MADISON

Project State

NE

Project Zip

68701-4634

CD

NE-01

Jobs Reported

79

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

114700.00

Payroll Proceed

688800.00

Mortgage Interest Proceed

0.00

Rent Proceed

114800.00

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

925518.86

Forgiveness Date

01/26/2021