PPP Loan information for Business media solutions inc

$47,500

Business media solutions inc was initially approved for PPP Loan of amount $47,500, the current approved amount is $47,500. The loan was approved on 04/11/2020 by The First Farmers & Merchants Bank reported 5 jobs and $47,500 was used to fund payroll.

Business media solutions inc is Existing or more than 2 years old

PPP Loan Search / MN / LE SUEUR / Business media solutions inc

BUSINESS MEDIA SOLUTIONS INC

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BUSINESS MEDIA SOLUTIONS INC

Borrower Address

229 MAIN ST

Borrower City

LE SUEUR

Borrower State

MN

Borrower Zip

56058-1912

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

47500.00

Current Approval Amount

47500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39034

Servicing Lender Name

First Farmers & Merchants Bank

Servicing Lender Address

920 4th St South

Servicing Lender City

CANNON FALLS

Servicing Lender State

MN

Servicing Lender Zip

55009-2552

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LE SUEUR

Project County Name

LE SUEUR

Project State

MN

Project Zip

56058-1912

CD

MN-02

Jobs Reported

5

NAICS Code

561439

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

11875.00

Payroll Proceed

35625.00

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

39034

Originating Lender

First Farmers & Merchants Bank

Originating Lender City

CANNON FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

47848.33

Forgiveness Date

01/07/2021

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