PPP Loan information for Schultz motors

$16,520

Schultz motors was initially approved for PPP Loan of amount $16,520, the current approved amount is $16,520. The loan was approved on 05/21/2020 by The Welcome State Bank reported 1 jobs and $16,520 was used to fund payroll.

Schultz motors is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Schultz motors

SCHULTZ MOTORS

Date Approved

05/21/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SCHULTZ MOTORS

Borrower Address

320 N. State Street

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-4063

Loan Status Date

01/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

16520.00

Current Approval Amount

16520.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39016

Servicing Lender Name

Welcome State Bank

Servicing Lender Address

111 Guide St North

Servicing Lender City

WELCOME

Servicing Lender State

MN

Servicing Lender Zip

56181-9785

Rural Urban Indicator

R

Hubzone Indicator

Y

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

56031-4063

CD

MN-01

Jobs Reported

1

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

16520.00

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

Sole Proprietorship

Originating Lender Location Id

39016

Originating Lender

Welcome State Bank

Originating Lender City

WELCOME

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

16615.91

Forgiveness Date

12/17/2020

;