PPP Loan information for Algoma motors inc.

$112,000

Algoma motors inc. was initially approved for PPP Loan of amount $112,000, the current approved amount is $112,000. The loan was approved on 04/05/2020 by The Nicolet National Bank reported 16 jobs and $112,000 was used to fund payroll.

Algoma motors inc. is Existing or more than 2 years old

PPP Loan Search / WI / ALGOMA / Algoma motors inc.

ALGOMA MOTORS INC.

Date Approved

04/05/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

ALGOMA MOTORS INC.

Borrower Address

1020JEFFERSON ST

Borrower City

ALGOMA

Borrower State

WI

Borrower Zip

54201-1738

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

112000.00

Current Approval Amount

112000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203327

Servicing Lender Name

Nicolet National Bank

Servicing Lender Address

111 N Washington St

Servicing Lender City

GREEN BAY

Servicing Lender State

WI

Servicing Lender Zip

54301-4255

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALGOMA

Project County Name

KEWAUNEE

Project State

WI

Project Zip

54201-1738

CD

WI-08

Jobs Reported

16

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

90000.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

10000

Business Type

Corporation

Originating Lender Location Id

203327

Originating Lender

Nicolet National Bank

Originating Lender City

GREEN BAY

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

112808.89

Forgiveness Date

12/31/2020

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