PPP Loan information for Aitkin motor company

$154,855

Aitkin motor company was initially approved for PPP Loan of amount $154,855, the current approved amount is $154,855. The loan was approved on 04/07/2020 by The Security State Bank of Aitkin reported 18 jobs and $154,855 was used to fund payroll.

Aitkin motor company is Existing or more than 2 years old

PPP Loan Search / MN / AITKIN / Aitkin motor company

AITKIN MOTOR COMPANY

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AITKIN MOTOR COMPANY

Borrower Address

108 2nd Street NE

Borrower City

AITKIN

Borrower State

MN

Borrower Zip

56431-1320

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

154855.00

Current Approval Amount

154855.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

36579

Servicing Lender Name

Security State Bank of Aitkin

Servicing Lender Address

402 Minnesota Ave North

Servicing Lender City

AITKIN

Servicing Lender State

MN

Servicing Lender Zip

56431-1416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AITKIN

Project County Name

AITKIN

Project State

MN

Project Zip

56431-1320

CD

MN-08

Jobs Reported

18

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3880.00

Payroll Proceed

120000.00

Mortgage Interest Proceed

0.00

Rent Proceed

19000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

11975

Business Type

Subchapter S Corporation

Originating Lender Location Id

36579

Originating Lender

Security State Bank of Aitkin

Originating Lender City

AITKIN

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

156360.53

Forgiveness Date

03/31/2021

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