Cornerstone Auto Group LLC

$3,384,507 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
4789677110
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$3,384,507
Current Approval
$3,384,507
Forgiveness Amount
$3,423,429
Forgiveness Date
Jun 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cornerstone Auto Group LLC
Address
17219 Highway 10
ZIP Code
55330-7009
Business Type
Limited Liability Company(llc)
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
323
Estimated Revenue
$81.4M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$3,384,507

Lender Information

Servicing Lender
Ally Bank
Originating Lender
Ally Bank

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