Minnesota Motor Company
$755,000 PPP Loan in Fergus Falls, Minnesota
Loan Details
- Loan Number
- 5276187006
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $755,000
- Current Approval
- $755,000
- Forgiveness Amount
- $762,219
- Forgiveness Date
- Mar 31, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Minnesota Motor Company
- Address
- 1108 Pebble Lake Rd
- City
- Fergus Falls
- State
- Minnesota
- ZIP Code
- 56537-3851
- 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
- 72
- Estimated Revenue
- $18.1M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $729,200
- Utilities
- $14,800
- Health Care
- $11,000
Lender Information
- Servicing Lender
- Fm Bank
- Originating Lender
- Fm Bank
Other PPP Loans in Fergus Falls, MN
| Business | Approved | |
|---|---|---|
| Lake Region Medical Group P.a. | $2,439,200 |  Research |
| Lakeland Mental Health Center | $2,289,100 | Research |
| Productive Alternatives Inc. | $2,047,955 | Research |
| Pioneer Home INC | $1,909,300 | Research |
| Productive Alternatives INC | $1,767,010 | Research |
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