PPP Loan information for Arce auto, inc

$28,000

Arce auto, inc was initially approved for PPP Loan of amount $28,000, the current approved amount is $28,000. The loan was approved on 04/14/2020 by The Freeport State Bank reported 5 jobs and $28,000 was used to fund payroll.

Arce auto, inc is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Arce auto, inc

ARCE AUTO, INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ARCE AUTO, INC

Borrower Address

109 COUNTRY CLUB RD SW

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-8136

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

28000.00

Current Approval Amount

28000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38095

Servicing Lender Name

Freeport State Bank

Servicing Lender Address

111 Main St East

Servicing Lender City

FREEPORT

Servicing Lender State

MN

Servicing Lender Zip

56331

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-8136

CD

MN-07

Jobs Reported

5

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1600.00

Payroll Proceed

22400.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38095

Originating Lender

Freeport State Bank

Originating Lender City

FREEPORT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

28200.22

Forgiveness Date

01/07/2021

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