PPP Loan information for Smith motors inc

$490,200

Smith motors inc was initially approved for PPP Loan of amount $490,200, the current approved amount is $490,200. The loan was approved on 04/05/2020 by The Bremer Bank, National Association reported 41 jobs and $490,200 was used to fund payroll.

Smith motors inc is Existing or more than 2 years old

PPP Loan Search / ND / WAHPETON / Smith motors inc

SMITH MOTORS INC

Date Approved

04/05/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

SMITH MOTORS INC

Borrower Address

101 11th St N

Borrower City

WAHPETON

Borrower State

ND

Borrower Zip

58075-4107

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

490200.00

Current Approval Amount

490200.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAHPETON

Project County Name

RICHLAND

Project State

ND

Project Zip

58075-4107

CD

ND-

Jobs Reported

41

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

490200.00

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

496001.82

Forgiveness Date

06/17/2021

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