PPP Loan information for Ward muscatell automotive grp

$1,388,100

Ward muscatell automotive grp was initially approved for PPP Loan of amount $1,388,100, the current approved amount is $1,388,100. The loan was approved on 04/06/2020 by The Alerus Financial, National Association reported 87 jobs and $1,388,100 was used to fund payroll.

Ward muscatell automotive grp is Existing or more than 2 years old

PPP Loan Search / MN / MOORHEAD / Ward muscatell automotive grp

WARD MUSCATELL AUTOMOTIVE GRP

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WARD MUSCATELL AUTOMOTIVE GRP

Borrower Address

2911 11th Street S.

Borrower City

MOORHEAD

Borrower State

MN

Borrower Zip

56560-6172

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1388100.00

Current Approval Amount

1388100.00

Undisbursed Amount

0.00

Franchise Name

Subaru Dealer 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

N

Business Age Description

Existing or more than 2 years old

Project City

MOORHEAD

Project County Name

CLAY

Project State

MN

Project Zip

56560-6172

CD

MN-07

Jobs Reported

87

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

115700.00

Payroll Proceed

1041000.00

Mortgage Interest Proceed

115700.00

Rent Proceed

115700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1398896.33

Forgiveness Date

01/20/2021

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