New Brighton Ford, Inc.

$963,100 PPP Loan in New Brighton, Minnesota

Loan Details

Loan Number
5007297006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$963,100
Current Approval
$963,100
Forgiveness Amount
$972,597
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Brighton Ford, Inc.
Address
1100 Silver Lake Rd.
ZIP Code
55112
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
69
Estimated Revenue
$17.4M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$770,500
Rent
$71,000
Utilities
$25,000
Health Care
$86,600
Debt Interest
$10,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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