Luxury Auto Mall of Sioux Falls, Inc.

$1,447,400 PPP Loan in Sioux Falls, South Dakota

Loan Details

Loan Number
3158927101
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$1,447,400
Current Approval
$1,447,400
Forgiveness Amount
$1,456,969
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Luxury Auto Mall of Sioux Falls, Inc.
Address
4410 W 12th St
ZIP Code
57107-0243
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
105
Estimated Revenue
$26.5M
Rural/Urban
Urban
Congressional District
SD-

Loan Use Breakdown

Payroll
$1,085,550
Rent
$180,925
Utilities
$180,925

Lender Information

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

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