PPP Loan information for Ames motor company

$677,400

Ames motor company was initially approved for PPP Loan of amount $677,400, the current approved amount is $677,400. The loan was approved on 04/07/2020 by The Alerus Financial, National Association reported 54 jobs and $677,400 was used to fund payroll.

Ames motor company is Existing or more than 2 years old

PPP Loan Search / IA / AMES / Ames motor company

AMES MOTOR COMPANY

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

AMES MOTOR COMPANY

Borrower Address

123 Airport Rd.

Borrower City

AMES

Borrower State

IA

Borrower Zip

50010-8201

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

677400.00

Current Approval Amount

677400.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AMES

Project County Name

STORY

Project State

IA

Project Zip

50010-8201

CD

IA-04

Jobs Reported

54

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

84700.00

Payroll Proceed

0.00

Mortgage Interest Proceed

508000.00

Rent Proceed

0.00

Refinance EIDL Proceed

84700.00

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

685265.37

Forgiveness Date

06/09/2021

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