PPP Loan information for Frankman motor company, inc.

$557,700

Frankman motor company, inc. was initially approved for PPP Loan of amount $557,700, the current approved amount is $557,700. The loan was approved on 04/04/2020 by The CorTrust Bank National Association reported 61 jobs and $557,700 was used to fund payroll.

Frankman motor company, inc. is Existing or more than 2 years old

PPP Loan Search / SD / SIOUX FALLS / Frankman motor company, inc.

FRANKMAN MOTOR COMPANY, INC.

Date Approved

04/04/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

FRANKMAN MOTOR COMPANY, INC.

Borrower Address

26874 SD Highway 11

Borrower City

SIOUX FALLS

Borrower State

SD

Borrower Zip

57108-8205

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

557700.00

Current Approval Amount

557700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SIOUX FALLS

Project County Name

LINCOLN

Project State

SD

Project Zip

57108-8205

CD

SD-

Jobs Reported

61

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

55800.00

Payroll Proceed

446200.00

Mortgage Interest Proceed

0.00

Rent Proceed

55700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

561061.48

Forgiveness Date

11/17/2020

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