Shakopee Valley Ford, Inc.

$1,361,600 PPP Loan in Shakopee, Minnesota

Loan Details

Loan Number
6975047003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$1,361,600
Current Approval
$1,361,600
Forgiveness Amount
$1,374,762
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shakopee Valley Ford, Inc.
Address
1624 Weston Court
ZIP Code
55379-4604
Business Type
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
102
Estimated Revenue
$25.7M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$1,021,200
Rent
$170,200
Utilities
$170,200

Lender Information

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

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