PPP Loan information for Alexandria motor company

$509,000

Alexandria motor company was initially approved for PPP Loan of amount $509,000, the current approved amount is $509,000. The loan was approved on 04/05/2020 by The Alerus Financial, National Association reported 46 jobs and $509,000 was used to fund payroll.

Alexandria motor company is Existing or more than 2 years old

PPP Loan Search / MN / ALEXANDRIA / Alexandria motor company

ALEXANDRIA MOTOR COMPANY

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ALEXANDRIA MOTOR COMPANY

Borrower Address

3710 South Hwy 29

Borrower City

ALEXANDRIA

Borrower State

MN

Borrower Zip

56308

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

509000.00

Current Approval Amount

509000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALEXANDRIA

Project County Name

DOUGLAS

Project State

MN

Project Zip

56308-0001

CD

MN-07

Jobs Reported

46

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

63600.00

Payroll Proceed

381800.00

Mortgage Interest Proceed

0.00

Rent Proceed

63600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

514952.47

Forgiveness Date

06/11/2021

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