Aitkin Motor Company

$154,855 PPP Loan in Aitkin, Minnesota

Loan Details

Loan Number
6723217010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$154,855
Current Approval
$154,855
Forgiveness Amount
$156,361
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Aitkin Motor Company
Address
108 2nd Street NE
City
Aitkin
ZIP Code
56431-1320
Business Type
Subchapter S Corporation
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
18
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$120,000
Rent
$19,000
Utilities
$3,880
Debt Interest
$11,975

Lender Information

Servicing Lender
Security State Bank of Aitkin
Originating Lender
Security State Bank of Aitkin

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