Owatonna Motor Company
$549,000 PPP Loan in Owatonna, Minnesota
Loan Details
- Loan Number
- 2557237109
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $549,000
- Current Approval
- $549,000
- Forgiveness Amount
- $553,423
- Forgiveness Date
- Feb 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Owatonna Motor Company
- Address
- 1001 Hoffman Drive
- City
- Owatonna
- State
- Minnesota
- ZIP Code
- 55060-1109
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Ford Motor Company Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 49
- Estimated Revenue
- $12.3M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $411,825
- Rent
- $68,590
- Utilities
- $68,585
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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