PPP Loan information for West metro motorsports, inc.

$138,926

West metro motorsports, inc. was initially approved for PPP Loan of amount $138,926, the current approved amount is $138,926. The loan was approved on 04/10/2020 by The Security Bank & Trust Company reported 14 jobs and $138,926 was used to fund payroll.

West metro motorsports, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DELANO / West metro motorsports, inc.

WEST METRO MOTORSPORTS, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WEST METRO MOTORSPORTS, INC.

Borrower Address

822 BABCOCK BLVD W

Borrower City

DELANO

Borrower State

MN

Borrower Zip

55328-4606

Loan Status Date

11/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

138926.00

Current Approval Amount

138926.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38117

Servicing Lender Name

Security Bank & Trust Company

Servicing Lender Address

735 11th St E

Servicing Lender City

GLENCOE

Servicing Lender State

MN

Servicing Lender Zip

55336-2220

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DELANO

Project County Name

WRIGHT

Project State

MN

Project Zip

55328-4606

CD

MN-06

Jobs Reported

14

NAICS Code

441228

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3520.00

Payroll Proceed

121256.00

Mortgage Interest Proceed

14150.00

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

38117

Originating Lender

Security Bank & Trust Company

Originating Lender City

GLENCOE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

139701.67

Forgiveness Date

11/05/2020

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