PPP Loan information for Adamson motors inc

$1,112,529

Adamson motors inc was initially approved for PPP Loan of amount $1,112,529, the current approved amount is $1,112,529. The loan was approved on 04/06/2020 by The Merchants Bank, National Association reported 95 jobs and $1,112,529 was used to fund payroll.

Adamson motors inc is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Adamson motors inc

ADAMSON MOTORS INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ADAMSON MOTORS INC

Borrower Address

4800 Hwy 52 N

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901-0160

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1112529.00

Current Approval Amount

1112529.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

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

55901-0160

CD

MN-01

Jobs Reported

95

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1112529.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1119605.92

Forgiveness Date

12/02/2020

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