PPP Loan information for Durango motor company

$1,670,400

Durango motor company was initially approved for PPP Loan of amount $1,670,400, the current approved amount is $1,670,400. The loan was approved on 04/07/2020 by The Alerus Financial, National Association reported 160 jobs and $1,670,400 was used to fund payroll.

Durango motor company is Existing or more than 2 years old

PPP Loan Search / CO / DURANGO / Durango motor company

DURANGO MOTOR COMPANY

Date Approved

04/07/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

DURANGO MOTOR COMPANY

Borrower Address

1200 Carbon Junction

Borrower City

DURANGO

Borrower State

CO

Borrower Zip

81301-3454

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1670400.00

Current Approval Amount

1670400.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company 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

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DURANGO

Project County Name

LA PLATA

Project State

CO

Project Zip

81301-3454

CD

CO-03

Jobs Reported

160

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

208800.00

Payroll Proceed

1252800.00

Mortgage Interest Proceed

0.00

Rent Proceed

208800.00

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

1684273.60

Forgiveness Date

02/09/2021

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