PPP Loan information for Vern eide motorcars, inc

$2,506,300

Vern eide motorcars, inc was initially approved for PPP Loan of amount $2,506,300, the current approved amount is $2,506,300. The loan was approved on 04/03/2020 by The First Dakota National Bank reported 174 jobs and $2,506,300 was used to fund payroll.

Vern eide motorcars, inc is Existing or more than 2 years old

PPP Loan Search / SD / SIOUX FALLS / Vern eide motorcars, inc

VERN EIDE MOTORCARS, INC

Date Approved

04/03/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

VERN EIDE MOTORCARS, INC

Borrower Address

5200 S Louise Ave

Borrower City

SIOUX FALLS

Borrower State

SD

Borrower Zip

57108-2297

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2506300.00

Current Approval Amount

2506300.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

Servicing Lender Location Id

66728

Servicing Lender Name

First Dakota National Bank

Servicing Lender Address

225 Cedar St

Servicing Lender City

YANKTON

Servicing Lender State

SD

Servicing Lender Zip

57078-4333

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SIOUX FALLS

Project County Name

LINCOLN

Project State

SD

Project Zip

57108-2297

CD

SD-

Jobs Reported

174

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2506300.00

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

Corporation

Originating Lender Location Id

66728

Originating Lender

First Dakota National Bank

Originating Lender City

YANKTON

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2535276.95

Forgiveness Date

06/11/2021

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