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Northwoods Ford INC

$339,500 PPP Loan in Hibbing, Minnesota

Loan Details

Loan Number
5060687004
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$339,500
Current Approval
$339,500
Forgiveness Amount
$342,141
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Northwoods Ford INC
Address
2627 13th Ave E
City
Hibbing
State
Minnesota
ZIP Code
55746-2600
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$10.6M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$271,630
Utilities
$30,000
Mortgage Interest
$37,870

Lender Information

Servicing Lender
Park State Bank
Originating Lender
Park State Bank

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