Mclaughlin Motors, LLC

$267,072 PPP Loan in Coon Rapids, Iowa

Loan Details

Loan Number
8324147004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$267,072
Current Approval
$267,072
Forgiveness Amount
$270,188
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mclaughlin Motors, LLC
Address
30711 Highway 141
State
Iowa
ZIP Code
50058-7212
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
21
Estimated Revenue
$5.3M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$267,072

Lender Information

Servicing Lender
Iowa Savings Bank
Originating Lender
Iowa Savings Bank

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