# PPP loan: WARD MUSCATELL AUTOMOTIVE GRP
> **$1.39M** approved 04/06/2020 · Paid in Full · Loan `5853107005`
## Borrower
- **Name:** WARD MUSCATELL AUTOMOTIVE GRP
- **Address:** 2911 11th Street S., MOORHEAD, MN, 56560-6172
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.39M
- **Initial approval:** $1.39M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Rent:** $116K
- **Mortgage interest:** $116K
- **Utilities:** $116K
- **Jobs reported:** 87
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*