Northfield Automotive Inc.
$316,977 PPP Loan in Northfield, Minnesota
Loan Details
- Loan Number
- 9132857005
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $316,977
- Current Approval
- $316,977
- Forgiveness Amount
- $319,073
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Northfield Automotive Inc.
- Address
- 1201 Highway 3 S
- City
- Northfield
- State
- Minnesota
- ZIP Code
- 55057
- 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
- 27
- Estimated Revenue
- $6.8M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $237,777
- Rent
- $50,000
- Utilities
- $5,000
- Health Care
- $2,500
- Debt Interest
- $21,700
Lender Information
- Servicing Lender
- Vermillion State Bank
- Originating Lender
- Vermillion State Bank
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