PPP Loan information for Rydell auto center, inc.

$3,447,900

Rydell auto center, inc. was initially approved for PPP Loan of amount $3,447,900, the current approved amount is $3,447,900. The loan was approved on 04/09/2020 by The Alerus Financial, National Association reported 310 jobs and $3,447,900 was used to fund payroll.

Rydell auto center, inc. is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Rydell auto center, inc.

RYDELL AUTO CENTER, INC.

Date Approved

04/09/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

RYDELL AUTO CENTER, INC.

Borrower Address

2700 South Washington Street

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58201-6720

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3447900.00

Current Approval Amount

3447900.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND FORKS

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58201-6720

CD

ND-

Jobs Reported

310

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

430900.00

Payroll Proceed

2586000.00

Mortgage Interest Proceed

0.00

Rent Proceed

431000.00

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

3488317.05

Forgiveness Date

06/11/2021

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