PPP Loan information for Watertown motor company

$786,400

Watertown motor company was initially approved for PPP Loan of amount $786,400, the current approved amount is $786,400. The loan was approved on 04/07/2020 by The Alerus Financial, National Association reported 92 jobs and $786,400 was used to fund payroll.

Watertown motor company is Existing or more than 2 years old

PPP Loan Search / SD / WATERTOWN / Watertown motor company

WATERTOWN MOTOR COMPANY

Date Approved

04/07/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

WATERTOWN MOTOR COMPANY

Borrower Address

1600 9th Ave. SE

Borrower City

WATERTOWN

Borrower State

SD

Borrower Zip

57201-5012

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

786400.00

Current Approval Amount

786400.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WATERTOWN

Project County Name

CODINGTON

Project State

SD

Project Zip

57201-5012

CD

SD-

Jobs Reported

92

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

98300.00

Payroll Proceed

589800.00

Mortgage Interest Proceed

0.00

Rent Proceed

98300.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

792494.60

Forgiveness Date

01/20/2021

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