PPP Loan information for Otten automotive, llc

$51,500

Otten automotive, llc was initially approved for PPP Loan of amount $51,500, the current approved amount is $51,500. The loan was approved on 04/03/2020 by The The First National Bank of Milaca reported 5 jobs and $51,500 was used to fund payroll.

Otten automotive, llc is New Business or 2 years or less

PPP Loan Search / MN / SAINT CLOUD / Otten automotive, llc

OTTEN AUTOMOTIVE, LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OTTEN AUTOMOTIVE, LLC

Borrower Address

1660 HIGHWAY 23 E

Borrower City

SAINT CLOUD

Borrower State

MN

Borrower Zip

56304-9603

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51500.00

Current Approval Amount

51500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38387

Servicing Lender Name

The First National Bank of Milaca

Servicing Lender Address

190 2nd Ave SW

Servicing Lender City

MILACA

Servicing Lender State

MN

Servicing Lender Zip

56353-1106

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

SAINT CLOUD

Project County Name

BENTON

Project State

MN

Project Zip

56304-9603

CD

MN-06

Jobs Reported

5

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

51500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

38387

Originating Lender

The First National Bank of Milaca

Originating Lender City

MILACA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51760.36

Forgiveness Date

10/13/2020

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