Gilleland Chevrolet Cadillac, INC

$1,329,400 PPP Loan in Saint Cloud, Minnesota

Loan Details

Loan Number
2494387110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,329,400
Current Approval
$1,329,400
Forgiveness Amount
$1,340,589
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Gilleland Chevrolet Cadillac, INC
Address
3019 West Division Street
ZIP Code
56301-3832
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
119
Estimated Revenue
$30.0M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$997,050
Rent
$166,175
Utilities
$166,175

Lender Information

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

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