PPP Loan information for Owatonna motor company

$549,000

Owatonna motor company was initially approved for PPP Loan of amount $549,000, the current approved amount is $549,000. The loan was approved on 04/10/2020 by The Alerus Financial, National Association reported 49 jobs and $549,000 was used to fund payroll.

Owatonna motor company is Existing or more than 2 years old

PPP Loan Search / MN / OWATONNA / Owatonna motor company

OWATONNA MOTOR COMPANY

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OWATONNA MOTOR COMPANY

Borrower Address

1001 Hoffman Drive

Borrower City

OWATONNA

Borrower State

MN

Borrower Zip

55060-1109

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

549000.00

Current Approval Amount

549000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OWATONNA

Project County Name

STEELE

Project State

MN

Project Zip

55060-1109

CD

MN-01

Jobs Reported

49

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

68585.00

Payroll Proceed

411825.00

Mortgage Interest Proceed

0.00

Rent Proceed

68590.00

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

553422.50

Forgiveness Date

02/02/2021

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