Lundeen Brothers Ford of Annandale, Inc.

$282,200 PPP Loan in Annandale, Minnesota

Loan Details

Loan Number
8942797106
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$282,200
Current Approval
$282,200
Forgiveness Amount
$286,135
Forgiveness Date
Sep 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lundeen Brothers Ford of Annandale, Inc.
Address
870 Elm Street E Po Box 130
ZIP Code
55302
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
New Business or 2 years or less
Jobs Reported
21
Estimated Revenue
$5.3M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$211,650
Rent
$17,638
Utilities
$17,638
Health Care
$17,638
Mortgage Interest
$17,638

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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