PPP Loan information for Rochester motor company

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ROCHESTER MOTOR COMPANY

Borrower Address

4900 Highway 52 N

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901-0163

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2174800.00

Current Approval Amount

2174800.00

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

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-0163

CD

MN-01

Jobs Reported

204

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

271762.00

Payroll Proceed

1631175.00

Mortgage Interest Proceed

0.00

Rent Proceed

271863.00

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

2200172.67

Forgiveness Date

06/11/2021