Tim Amdahl Automotive INC
$547,200 PPP Loan in Red Wing, Minnesota
Loan Details
- Loan Number
- 5628787003
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $547,200
- Current Approval
- $547,200
- Forgiveness Amount
- $551,000
- Forgiveness Date
- Dec 22, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Tim Amdahl Automotive INC
- Address
- 2500 Highway 61 W
- City
- Red Wing
- State
- Minnesota
- ZIP Code
- 55066-1472
- Business Type
- Subchapter S 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
- 38
- Estimated Revenue
- $9.6M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $442,868
- Rent
- $65,000
- Utilities
- $13,332
- Mortgage Interest
- $26,000
Lender Information
- Servicing Lender
- Merchants Bank, National Association
- Originating Lender
- Merchants Bank, National Association
Other PPP Loans in Red Wing, MN
| Business | Approved | |
|---|---|---|
| Mactech Incorporated | $1,413,800 |  Research |
| Hiawatha Medical, Inc. | $1,327,353 | Research |
| Ryan Mechanical, Inc. | $1,269,300 | Research |
| Plaas Incorporated | $1,148,700 | Research |
| Plaas Incorporated | $1,054,100 | Research |
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