Lundgren Motors Inc.
$407,343 PPP Loan in Eveleth, Minnesota
Loan Details
- Loan Number
- 8660847208
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $407,343
- Current Approval
- $407,343
- Forgiveness Amount
- $409,850
- Forgiveness Date
- Feb 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lundgren Motors Inc.
- Address
- 900 Old Highway 53
- City
- Eveleth
- State
- Minnesota
- ZIP Code
- 55734-8632
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 20
- Estimated Revenue
- $5.0M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $305,507
- Rent
- $50,000
- Utilities
- $51,836
Lender Information
- Servicing Lender
- The Miners National Bank of Eveleth
- Originating Lender
- The Miners National Bank of Eveleth
Other PPP Loans in Eveleth, MN
| Business | Approved | |
|---|---|---|
| Gulbranson Excavating Co. | $812,535 |  Research |
| Utility Systems of America INC | $500,000 | Research |
| Aqua Power Inc. | $420,000 | Research |
| Lundgren Motors Inc. | $407,343 | Research |
| Aqua Power, Inc. | $400,000 | Research |
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