Morries Luxury Auto, LLC

$418,307 PPP Loan in Golden Valley, Minnesota

Loan Details

Loan Number
5764527403
Date Approved
May 13, 2020
Loan Status
Paid in Full
Initial Approval
$418,307
Current Approval
$418,307
Forgiveness Amount
$422,782
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morries Luxury Auto, LLC
Address
7300 Wayzata Blvd 0.0
ZIP Code
55426-1604
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Maserati Dealer Agreement - Maserati Retail Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$6.8M
Rural/Urban
Urban
Congressional District
MN-05

Loan Use Breakdown

Payroll
$306,745
Rent
$76,474
Utilities
$7,720
Health Care
$27,368

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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