Rochester Motor Company
$2,174,800 PPP Loan in Rochester, Minnesota
Loan Details
- Loan Number
- 3421137109
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,174,800
- Current Approval
- $2,174,800
- Forgiveness Amount
- $2,200,173
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rochester Motor Company
- Address
- 4900 Highway 52 N
- City
- Rochester
- State
- Minnesota
- ZIP Code
- 55901-0163
- 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
- 204
- Estimated Revenue
- $51.4M
- Rural/Urban
- Urban
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $1,631,175
- Rent
- $271,863
- Utilities
- $271,762
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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