PPP Loan information for Automotive electric, llc

$88,614

Automotive electric, llc was initially approved for PPP Loan of amount $88,614, the current approved amount is $88,614. The loan was approved on 04/07/2020 by The Grand Rapids State Bank reported 8 jobs and $88,614 was used to fund payroll.

Automotive electric, llc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Automotive electric, llc

AUTOMOTIVE ELECTRIC, LLC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AUTOMOTIVE ELECTRIC, LLC

Borrower Address

407 NW 6TH AVE

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-2518

Loan Status Date

11/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

88614.00

Current Approval Amount

88614.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38190

Servicing Lender Name

Grand Rapids State Bank

Servicing Lender Address

523 NW 1st Ave

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MN

Servicing Lender Zip

55744-2618

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-2518

CD

MN-08

Jobs Reported

8

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

88614.00

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

Subchapter S Corporation

Originating Lender Location Id

38190

Originating Lender

Grand Rapids State Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

89049.69

Forgiveness Date

10/13/2020

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