Inver Grove Dealership Group LLC
$798,500 PPP Loan in Inver Grove Heights, Minnesota
Loan Details
- Loan Number
- 2988067108
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $798,500
- Current Approval
- $798,500
- Forgiveness Amount
- $802,833
- Forgiveness Date
- May 10, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Inver Grove Dealership Group LLC
- Address
- 1055 50th St E
- State
- Minnesota
- ZIP Code
- 55077-1111
- Business Type
- Limited Liability Company(llc)
- 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
- 70
- Estimated Revenue
- $17.6M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $608,327
- Rent
- $172,000
- Utilities
- $18,173
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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