PPP Loan information for Bormann marketing inc

$241,900

Bormann marketing inc was initially approved for PPP Loan of amount $241,900, the current approved amount is $241,900. The loan was approved on 04/15/2020 by The First Bank Elk River reported 14 jobs and $241,900 was used to fund payroll.

Bormann marketing inc is Existing or more than 2 years old

PPP Loan Search / MN / HOPKINS / Bormann marketing inc

BORMANN MARKETING INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BORMANN MARKETING INC

Borrower Address

1212 5TH ST

Borrower City

HOPKINS

Borrower State

MN

Borrower Zip

55343-7856

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

241900.00

Current Approval Amount

241900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38033

Servicing Lender Name

First Bank Elk River

Servicing Lender Address

812 Main St NW

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1575

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOPKINS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55343-7856

CD

MN-03

Jobs Reported

14

NAICS Code

541613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

12095.00

Payroll Proceed

181425.00

Mortgage Interest Proceed

0.00

Rent Proceed

48380.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

244043.50

Forgiveness Date

03/10/2021

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