Kolar Chevrolet-Buick-Gmc, LLC

$1,156,691 PPP Loan in Hermantown, Minnesota

Loan Details

Loan Number
1085067102
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,156,691
Current Approval
$1,156,691
Forgiveness Amount
$1,165,311
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kolar Chevrolet-Buick-Gmc, LLC
Address
4770 West Arrowhead Road
ZIP Code
55811-3900
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
New Business or 2 years or less
Jobs Reported
83
Estimated Revenue
$20.9M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$1,053,327
Rent
$102,000
Utilities
$1,364

Lender Information

Servicing Lender
National Bank of Commerce
Originating Lender
National Bank of Commerce

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