Dekalb Motor Company
$1,000,500 PPP Loan in Sycamore, Illinois
Loan Details
- Loan Number
- 6817597009
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,000,500
- Current Approval
- $1,000,500
- Forgiveness Amount
- $1,012,200
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Dekalb Motor Company
- Address
- 1925 Mercantile Dr.
- City
- Sycamore
- State
- Illinois
- ZIP Code
- 60178-2801
- Business Type
- 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
- 87
- Estimated Revenue
- $21.9M
- Rural/Urban
- Urban
- Congressional District
- IL-14
Loan Use Breakdown
- Payroll
- $750,400
- Rent
- $125,000
- Utilities
- $125,100
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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| Upstaging, Inc. | $5,146,000 |  Research |
| Upstaging Inc. | $2,000,000 | Research |
| Seymour of Sycamore, INC | $1,945,600 | Research |
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