Murphy Automotive INC

$869,100 PPP Loan in Rosemount, Minnesota

Loan Details

Loan Number
4800347009
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$869,100
Current Approval
$869,100
Forgiveness Amount
$874,387
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Murphy Automotive INC
Address
7358 160th St W
ZIP Code
55068-1047
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
88
Estimated Revenue
$17.2M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$651,870
Rent
$70,000
Utilities
$70,000
Debt Interest
$77,230

Lender Information

Servicing Lender
Lakeview Bank
Originating Lender
Lakeview Bank

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