PPP Loan information for Southpoint motors inc.

$96,539

Southpoint motors inc. was initially approved for PPP Loan of amount $96,539, the current approved amount is $96,539. The loan was approved on 01/27/2021 by The First Alliance Credit Union reported 7 jobs and $96,539 was used to fund payroll.

Southpoint motors inc. is Existing or more than 2 years old

PPP Loan Search / MN / Rochester / Southpoint motors inc.

SOUTHPOINT MOTORS INC.

Date Approved

01/27/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SOUTHPOINT MOTORS INC.

Borrower Address

10 7th St NE

Borrower City

Rochester

Borrower State

MN

Borrower Zip

55906-3629

Loan Status Date

12/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

96539.00

Current Approval Amount

96539.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99771

Servicing Lender Name

First Alliance Credit Union

Servicing Lender Address

320 Alliance Pl Northeast

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55906-4425

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

55906-3629

CD

MN-01

Jobs Reported

7

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

96539.00

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

99771

Originating Lender

First Alliance Credit Union

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

97274.28

Forgiveness Date

11/02/2021

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