PPP Loan information for Westlie motor company

$2,350,100

Westlie motor company was initially approved for PPP Loan of amount $2,350,100, the current approved amount is $2,350,100. The loan was approved on 04/04/2020 by The First Western Bank & Trust reported 168 jobs and $2,350,100 was used to fund payroll.

Westlie motor company is Existing or more than 2 years old

PPP Loan Search / ND / MINOT / Westlie motor company

WESTLIE MOTOR COMPANY

Date Approved

04/04/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

WESTLIE MOTOR COMPANY

Borrower Address

500 South Broadway

Borrower City

MINOT

Borrower State

ND

Borrower Zip

58701-4451

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2350100.00

Current Approval Amount

2350100.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

52905

Servicing Lender Name

First Western Bank & Trust

Servicing Lender Address

900 S Broadway

Servicing Lender City

MINOT

Servicing Lender State

ND

Servicing Lender Zip

58701-4658

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINOT

Project County Name

WARD

Project State

ND

Project Zip

58701-4451

CD

ND-

Jobs Reported

168

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2350100.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2369292.48

Forgiveness Date

02/01/2021

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