Holt Motors INC

$471,400 PPP Loan in Cokato, Minnesota

Loan Details

Loan Number
8870737110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$471,400
Current Approval
$471,400
Forgiveness Amount
$478,000
Forgiveness Date
Sep 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Holt Motors INC
Address
245 Cokato St
City
Cokato
ZIP Code
55321
Business Type
Corporation
Industry (NAICS)
Retail Trade (441120)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$9.3M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$353,550
Rent
$29,463
Utilities
$29,463
Mortgage Interest
$29,463
Refinance EIDL
$29,463

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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