Cedar City Motor Company LLC

$691,000 PPP Loan in Cedar City, Utah

Loan Details

Loan Number
6035047003
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$691,000
Current Approval
$691,000
Forgiveness Amount
$699,081
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cedar City Motor Company LLC
Address
1010 North Main Street
State
Utah
ZIP Code
84721-5134
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
66
Estimated Revenue
$16.6M
Rural/Urban
Urban
Congressional District
UT-02

Loan Use Breakdown

Payroll
$518,300
Rent
$86,300
Utilities
$86,400

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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