Total Motors LLC

$774,900 PPP Loan in Le Mars, Iowa

Loan Details

Loan Number
4353247000
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$774,900
Current Approval
$774,900
Forgiveness Amount
$779,295
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Total Motors LLC
Address
801 Hawkeye Ave.
State
Iowa
ZIP Code
51031
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
54
Estimated Revenue
$13.6M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$628,900
Rent
$11,000
Utilities
$75,000
Mortgage Interest
$60,000

Lender Information

Servicing Lender
American Bank, National Association
Originating Lender
American Bank, National Association

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