PPP Loan information for South import motors

$52,312

South import motors was initially approved for PPP Loan of amount $52,312, the current approved amount is $52,312. The loan was approved on 03/02/2021 by The MidCountry Bank reported 5 jobs and $52,312 was used to fund payroll.

South import motors is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / South import motors

SOUTH IMPORT MOTORS

Date Approved

03/02/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SOUTH IMPORT MOTORS

Borrower Address

8330 Pillsbury Ave S

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55420-2242

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

52312.42

Current Approval Amount

52312.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80291

Servicing Lender Name

MidCountry Bank

Servicing Lender Address

7825 Washington Ave South, Ste 120

Servicing Lender City

BLOOMINGTON

Servicing Lender State

MN

Servicing Lender Zip

55439-2431

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55420-2242

CD

MN-03

Jobs Reported

5

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

52312.42

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

80291

Originating Lender

MidCountry Bank

Originating Lender City

BLOOMINGTON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

52593.33

Forgiveness Date

09/17/2021

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