Apple Shakopee Motor, Inc.

$832,900 PPP Loan in Shakopee, Minnesota

Loan Details

Loan Number
3226697107
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$832,900
Current Approval
$832,900
Forgiveness Amount
$840,951
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Apple Shakopee Motor, Inc.
Address
1684 Weston Court
ZIP Code
55379-4604
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Chrysler - Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
63
Estimated Revenue
$15.9M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$624,675
Rent
$104,112
Utilities
$104,113

Lender Information

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

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