Inver Grove Autos, LLC
$700,800 PPP Loan in Inver Grove Heights, Minnesota
Loan Details
- Loan Number
- 3927657109
- Date Approved
- Apr 12, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $700,800
- Current Approval
- $700,800
- Forgiveness Amount
- $709,404
- Forgiveness Date
- Jul 6, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Inver Grove Autos, LLC
- Address
- 1325 50th St E
- State
- Minnesota
- ZIP Code
- 55077-1250
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Volkswagen Dealer Agreement
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 61
- Estimated Revenue
- $15.4M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $525,600
- Rent
- $87,600
- Utilities
- $87,600
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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