Mike Molstead Motors, Inc.
$986,000 PPP Loan in Charles City, Iowa
Loan Details
- Loan Number
- 4445947006
- Date Approved
- Apr 3, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $986,000
- Current Approval
- $986,000
- Forgiveness Amount
- $995,449
- Forgiveness Date
- Mar 18, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Mike Molstead Motors, Inc.
- Address
- 1501 S Grand Ave
- City
- Charles City
- State
- Iowa
- ZIP Code
- 50616-3671
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 61
- Estimated Revenue
- $15.4M
- Rural/Urban
- Rural
- Congressional District
- IA-02
Loan Use Breakdown
- Payroll
- $788,880
- Rent
- $98,610
- Utilities
- $98,510
Lender Information
- Servicing Lender
- First Citizens Bank
- Originating Lender
- First Citizens Bank
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