Norfolk Motor Company

$918,300 PPP Loan in Norfolk, Nebraska

Loan Details

Loan Number
2472947100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$918,300
Current Approval
$918,300
Forgiveness Amount
$925,519
Forgiveness Date
Jan 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Norfolk Motor Company
Address
1123 S 20th St
ZIP Code
68701-4634
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
79
Estimated Revenue
$19.9M
Rural/Urban
Urban
Congressional District
NE-01

Loan Use Breakdown

Payroll
$688,800
Rent
$114,800
Utilities
$114,700

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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