PPP Loan information for Torkelson motors, inc.

$248,382

Torkelson motors, inc. was initially approved for PPP Loan of amount $248,382, the current approved amount is $248,382. The loan was approved on 04/09/2020 by The Elgin State Bank reported 20 jobs and $248,382 was used to fund payroll.

Torkelson motors, inc. is Existing or more than 2 years old

PPP Loan Search / IA / ELGIN / Torkelson motors, inc.

TORKELSON MOTORS, INC.

Date Approved

04/09/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

TORKELSON MOTORS, INC.

Borrower Address

216 Center Street

Borrower City

ELGIN

Borrower State

IA

Borrower Zip

52141-9334

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

248382.00

Current Approval Amount

248382.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24963

Servicing Lender Name

Elgin State Bank

Servicing Lender Address

241 Center St

Servicing Lender City

ELGIN

Servicing Lender State

IA

Servicing Lender Zip

52141

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELGIN

Project County Name

FAYETTE

Project State

IA

Project Zip

52141-9334

CD

IA-02

Jobs Reported

20

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

248382.00

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

24963

Originating Lender

Elgin State Bank

Originating Lender City

ELGIN

Originating Lender State

IA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

249797.44

Forgiveness Date

11/05/2020

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