PPP Loan information for Desmarais family motorsports, inc.

$130,400

Desmarais family motorsports, inc. was initially approved for PPP Loan of amount $130,400, the current approved amount is $130,400. The loan was approved on 04/03/2020 by The Community Bank Mankato reported 20 jobs and $130,400 was used to fund payroll.

Desmarais family motorsports, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / Desmarais family motorsports, inc.

DESMARAIS FAMILY MOTORSPORTS, INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DESMARAIS FAMILY MOTORSPORTS, INC.

Borrower Address

1200 N RIVER DR

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-2280

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130400.00

Current Approval Amount

130400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38968

Servicing Lender Name

Community Bank Mankato

Servicing Lender Address

201 E Main St

Servicing Lender City

VERNON CENTER

Servicing Lender State

MN

Servicing Lender Zip

56090

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MANKATO

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-2280

CD

MN-01

Jobs Reported

20

NAICS Code

441228

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13040.00

Payroll Proceed

104320.00

Mortgage Interest Proceed

13040.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38968

Originating Lender

Community Bank Mankato

Originating Lender City

VERNON CENTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

121145.81

Forgiveness Date

11/19/2020

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