Morries Minnetonka Ford Lincoln, LLC

$1,435,232 PPP Loan in Minnetonka, Minnesota

Loan Details

Loan Number
2924017203
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$1,435,232
Current Approval
$1,435,232
Forgiveness Amount
$1,451,485
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morries Minnetonka Ford Lincoln, LLC
Address
13400 Wayzata Blvd 0.0
ZIP Code
55305-1848
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
105
Estimated Revenue
$26.5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$1,058,701
Rent
$213,090
Utilities
$26,516
Health Care
$98,435
Debt Interest
$38,490

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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