PPP Loan information for Tooele motor company

$945,400

Tooele motor company was initially approved for PPP Loan of amount $945,400, the current approved amount is $945,400. The loan was approved on 04/12/2020 by The Alerus Financial, National Association reported 83 jobs and $945,400 was used to fund payroll.

Tooele motor company is New Business or 2 years or less

PPP Loan Search / UT / TOOELE / Tooele motor company

TOOELE MOTOR COMPANY

Date Approved

04/12/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

TOOELE MOTOR COMPANY

Borrower Address

1141 N Main St

Borrower City

TOOELE

Borrower State

UT

Borrower Zip

84074-1764

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

945400.00

Current Approval Amount

945400.00

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

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

TOOELE

Project County Name

TOOELE

Project State

UT

Project Zip

84074-1764

CD

UT-02

Jobs Reported

83

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

118175.00

Payroll Proceed

709050.00

Mortgage Interest Proceed

0.00

Rent Proceed

118175.00

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

956429.67

Forgiveness Date

06/11/2021

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