# PPP loan: INVER GROVE AUTOS, LLC
> **$701K** approved 04/12/2020 · Paid in Full · Loan `3927657109`
## Borrower
- **Name:** INVER GROVE AUTOS, LLC
- **Address:** 1325 50th St E, INVER GROVE HEIGHTS, MN, 55077-1250
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $701K
- **Initial approval:** $701K
- **Forgiven:** $709K (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Rent:** $88K
- **Utilities:** $88K
- **Jobs reported:** 61
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*