Independence Ford, INC
$232,800 PPP Loan in Independence, Iowa
Loan Details
- Loan Number
- 3898287105
- Date Approved
- Apr 12, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $232,800
- Current Approval
- $232,800
- Forgiveness Amount
- $235,044
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Independence Ford, INC
- Address
- 2000 Enterprise Dr E
- City
- Independence
- State
- Iowa
- ZIP Code
- 50644-1231
- 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
- 23
- Estimated Revenue
- $5.8M
- Rural/Urban
- Rural
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $174,600
- Rent
- $29,100
- Utilities
- $29,100
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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