PPP Loan information for Mason city motor company llc

$446,100

Mason city motor company llc was initially approved for PPP Loan of amount $446,100, the current approved amount is $446,100. The loan was approved on 04/07/2020 by The Alerus Financial, National Association reported 36 jobs and $446,100 was used to fund payroll.

Mason city motor company llc is Existing or more than 2 years old

PPP Loan Search / IA / MASON CITY / Mason city motor company llc

MASON CITY MOTOR COMPANY LLC

Date Approved

04/07/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MASON CITY MOTOR COMPANY LLC

Borrower Address

4510 4th Street SW

Borrower City

MASON CITY

Borrower State

IA

Borrower Zip

50401-7334

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

446100.00

Current Approval Amount

446100.00

Undisbursed Amount

0.00

Franchise Name

Nissan North America, Inc. - 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

MASON CITY

Project County Name

CERRO GORDO

Project State

IA

Project Zip

50401-7334

CD

IA-02

Jobs Reported

36

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

55800.00

Payroll Proceed

334500.00

Mortgage Interest Proceed

0.00

Rent Proceed

55800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

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

451316.89

Forgiveness Date

06/11/2021

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