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Davis Chevrolet of Delano Inc.

$379,200 PPP Loan in Delano, Minnesota

Loan Details

Loan Number
1270097102
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$379,200
Current Approval
$379,200
Forgiveness Amount
$381,392
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Davis Chevrolet of Delano Inc.
Address
505 Babcock Blvd
City
Delano
State
Minnesota
ZIP Code
55328-9126
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$10.6M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$319,200
Rent
$30,000
Utilities
$10,000
Mortgage Interest
$20,000

Lender Information

Servicing Lender
Magnifi Financial Cu
Originating Lender
Magnifi Financial Cu

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