Fort Dodge Ford Lincoln INC

$775,000 PPP Loan in Fort Dodge, Iowa

Loan Details

Loan Number
3655847102
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$775,000
Current Approval
$775,000
Forgiveness Amount
$782,470
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fort Dodge Ford Lincoln INC
Address
2723 5th Ave S
State
Iowa
ZIP Code
50501-5556
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
77
Estimated Revenue
$19.4M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$581,250
Rent
$96,875
Utilities
$96,875

Lender Information

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

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