PPP Loan information for Park motor company

$342,000

Park motor company was initially approved for PPP Loan of amount $342,000, the current approved amount is $342,000. The loan was approved on 04/05/2020 by The Profinium, Inc. reported 25 jobs and $342,000 was used to fund payroll.

Park motor company is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Park motor company

PARK MOTOR COMPANY

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PARK MOTOR COMPANY

Borrower Address

700 East Blue Earth Ave

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-4032

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

342000.00

Current Approval Amount

342000.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

38950

Servicing Lender Name

Profinium, Inc.

Servicing Lender Address

414 N Fifth Ave East

Servicing Lender City

TRUMAN

Servicing Lender State

MN

Servicing Lender Zip

56088

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-4032

CD

MN-01

Jobs Reported

25

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

342000.00

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

Subchapter S Corporation

Originating Lender Location Id

38950

Originating Lender

Profinium, Inc.

Originating Lender City

TRUMAN

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

344251.50

Forgiveness Date

12/09/2020

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