PPP Loan information for Minot automotive center inc.

$1,468,600

Minot automotive center inc. was initially approved for PPP Loan of amount $1,468,600, the current approved amount is $1,468,600. The loan was approved on 04/11/2020 by The Alerus Financial, National Association reported 128 jobs and $1,468,600 was used to fund payroll.

Minot automotive center inc. is Existing or more than 2 years old

PPP Loan Search / ND / MINOT / Minot automotive center inc.

MINOT AUTOMOTIVE CENTER INC.

Date Approved

04/11/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MINOT AUTOMOTIVE CENTER INC.

Borrower Address

3615 S Broadway

Borrower City

MINOT

Borrower State

ND

Borrower Zip

58701-7455

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1468600.00

Current Approval Amount

1468600.00

Undisbursed Amount

0.00

Franchise Name

Dodge - 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

N

Business Age Description

Existing or more than 2 years old

Project City

MINOT

Project County Name

WARD

Project State

ND

Project Zip

58701-7455

CD

ND-

Jobs Reported

128

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

183575.00

Payroll Proceed

1101450.00

Mortgage Interest Proceed

0.00

Rent Proceed

183575.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

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

1480593.57

Forgiveness Date

02/09/2021

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