PPP Loan information for Rydell motor company

Date Approved

04/11/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

RYDELL MOTOR COMPANY

Borrower Address

1325 E San Marnan Drive

Borrower City

WATERLOO

Borrower State

IA

Borrower Zip

50702-4334

Loan Status Date

05/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1553900.00

Current Approval Amount

1553900.00

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

WATERLOO

Project County Name

BLACK HAWK

Project State

IA

Project Zip

50702-4334

CD

IA-02

Jobs Reported

138

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

194150.00

Payroll Proceed

1165500.00

Mortgage Interest Proceed

0.00

Rent Proceed

194250.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

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

1568877.87

Forgiveness Date

03/31/2021