PPP Loan information for Audio garage, inc.

$55,700

Audio garage, inc. was initially approved for PPP Loan of amount $55,700, the current approved amount is $55,700. The loan was approved on 04/03/2020 by The Cornerstone Bank reported 6 jobs and $55,700 was used to fund payroll.

Audio garage, inc. is Existing or more than 2 years old

AUDIO GARAGE, INC.

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

AUDIO GARAGE, INC.

Borrower Address

5257 51st Ave S

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58104-6054

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55700.00

Current Approval Amount

55700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58104-6054

CD

ND-

Jobs Reported

6

NAICS Code

441310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6700.00

Payroll Proceed

40000.00

Mortgage Interest Proceed

0.00

Rent Proceed

9000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

56116.20

Forgiveness Date

01/08/2021

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