PPP Loan information for Welcome motor company

$18,400

Welcome motor company was initially approved for PPP Loan of amount $18,400, the current approved amount is $18,400. The loan was approved on 04/04/2020 by The Bank Midwest reported 3 jobs and $18,400 was used to fund payroll.

Welcome motor company is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Welcome motor company

WELCOME MOTOR COMPANY

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WELCOME MOTOR COMPANY

Borrower Address

1310 NORTH STATE ST

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-3743

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

18400.00

Current Approval Amount

18400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38258

Servicing Lender Name

Bank Midwest

Servicing Lender Address

1525 18th St

Servicing Lender City

SPIRIT LAKE

Servicing Lender State

IA

Servicing Lender Zip

51360-1023

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

56031-3743

CD

MN-01

Jobs Reported

3

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

18400.00

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

38258

Originating Lender

Bank Midwest

Originating Lender City

SPIRIT LAKE

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

18569.69

Forgiveness Date

03/29/2021

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