PPP Loan information for Cornerstone auto group llc

$3,384,507

Cornerstone auto group llc was initially approved for PPP Loan of amount $3,384,507, the current approved amount is $3,384,507. The loan was approved on 04/13/2020 by The Ally Bank reported 323 jobs and $3,384,507 was used to fund payroll.

Cornerstone auto group llc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Cornerstone auto group llc

CORNERSTONE AUTO GROUP LLC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CORNERSTONE AUTO GROUP LLC

Borrower Address

17219 HIGHWAY 10

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-7009

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3384507.00

Current Approval Amount

3384507.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

426652

Servicing Lender Name

Ally Bank

Servicing Lender Address

200 W Civic Center Dr

Servicing Lender City

SANDY

Servicing Lender State

UT

Servicing Lender Zip

84070-4207

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK RIVER

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-7009

CD

MN-06

Jobs Reported

323

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

3384507.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

426652

Originating Lender

Ally Bank

Originating Lender City

SANDY

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3423428.83

Forgiveness Date

06/17/2021

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