PPP Loan information for Race automotive of rochester

$81,723

Race automotive of rochester was initially approved for PPP Loan of amount $81,723, the current approved amount is $81,723. The loan was approved on 01/22/2021 by The Sterling State Bank reported 10 jobs and $81,723 was used to fund payroll.

Race automotive of rochester is Existing or more than 2 years old

PPP Loan Search / MN / Rochester / Race automotive of rochester

RACE AUTOMOTIVE OF ROCHESTER

Date Approved

01/22/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RACE AUTOMOTIVE OF ROCHESTER

Borrower Address

457 16th Ave NW

Borrower City

Rochester

Borrower State

MN

Borrower Zip

55901-1808

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

81722.62

Current Approval Amount

81722.62

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36611

Servicing Lender Name

Sterling State Bank

Servicing Lender Address

1419 1st Ave SW

Servicing Lender City

AUSTIN

Servicing Lender State

MN

Servicing Lender Zip

55912-1603

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Rochester

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-1808

CD

MN-01

Jobs Reported

10

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

81720.62

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

36611

Originating Lender

Sterling State Bank

Originating Lender City

AUSTIN

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

82169.82

Forgiveness Date

08/11/2021

;