ALEXANDRIA MOTOR COMPANY (MN) - 2020 PPP Loan Borrower Profile (# 5336097006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALEXANDRIA MOTOR COMPANY. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Minnesota.

Loan Detail

Loan Number

5336097006

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$509,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$514,952.47

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

63,600

Payroll Proced

381,800

Rent Proceed

63,600

Lender

Alerus Financial, National Association

Business Detail

Business Type

Corporation

NAICS

441110

Borrower Location

ALEXANDRIA, MN

Project Location

ALEXANDRIA, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.