PPP Loan information for Erik's bike shop, inc

$1,955,500

Erik's bike shop, inc was initially approved for PPP Loan of amount $1,955,500, the current approved amount is $1,955,500. The loan was approved on 04/13/2020 by The Bremer Bank, National Association reported 397 jobs and $1,955,500 was used to fund payroll.

Erik's bike shop, inc is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Erik's bike shop, inc

ERIK'S BIKE SHOP, INC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ERIK'S BIKE SHOP, INC

Borrower Address

9201 Penn Ave South Suite 1

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55431-2318

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1955500.00

Current Approval Amount

1955500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55431-2318

CD

MN-03

Jobs Reported

397

NAICS Code

451110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1955500.00

Mortgage Interest Proceed

0.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1974251.37

Forgiveness Date

03/31/2021

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