Dodge of Burnsville, Inc.

$1,102,000 PPP Loan in Burnsville, Minnesota

Loan Details

Loan Number
5767287006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,102,000
Current Approval
$1,102,000
Forgiveness Amount
$1,112,194
Forgiveness Date
Mar 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Dodge of Burnsville, Inc.
Address
12101 Highway 35w South
ZIP Code
55337-1642
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Dodge - Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
71
Estimated Revenue
$17.9M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$826,510
Utilities
$17,000
Mortgage Interest
$100,000
Debt Interest
$158,490

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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