# PPP loan: INTERSTATE AUTO GROUP INC.
> **$2.50M** approved 04/05/2020 · Paid in Full · Loan `5188787009`
## Borrower
- **Name:** INTERSTATE AUTO GROUP INC.
- **Address:** 5900 GREEN OAK DR Ste 101, MINNETONKA, MN, 55343-4708
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.53M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.12M
- **Rent:** $250K
- **Utilities:** $125K
- **Jobs reported:** 190
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*