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Torkelson Motors, Inc.

$248,382 PPP Loan in Elgin, Iowa

Loan Details

Loan Number
1059257107
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$248,382
Current Approval
$248,382
Forgiveness Amount
$249,797
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Torkelson Motors, Inc.
Address
216 Center Street
City
Elgin
State
Iowa
ZIP Code
52141-9334
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.0M
Rural/Urban
Rural
Congressional District
IA-02

Loan Use Breakdown

Payroll
$248,382

Lender Information

Servicing Lender
Elgin State Bank
Originating Lender
Elgin State Bank

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