Rydell Auto Center, Inc.
$3,447,900 PPP Loan in Grand Forks, North Dakota
Loan Details
- Loan Number
- 9655217000
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,447,900
- Current Approval
- $3,447,900
- Forgiveness Amount
- $3,488,317
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Rydell Auto Center, Inc.
- Address
- 2700 South Washington Street
- City
- Grand Forks
- State
- North Dakota
- ZIP Code
- 58201-6720
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 310
- Estimated Revenue
- $78.1M
- Rural/Urban
- Urban
- Congressional District
- ND-
Loan Use Breakdown
- Payroll
- $2,586,000
- Rent
- $431,000
- Utilities
- $430,900
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
Other PPP Loans in Grand Forks, ND
| Business | Approved | |
|---|---|---|
| Edgewood Opco LLC | $10,000,000 |  Research |
| Strata Corporation | $10,000,000 | Research |
| Valley Senior Living | $5,629,900 | Research |
| Acme Electric Motor, Inc. | $5,504,900 | Research |
| Advanced Engineering and Environmental Services, Inc. | $5,400,000 | Research |
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