PPP Loan information for Cannon power sports inc

$112,500

Cannon power sports inc was initially approved for PPP Loan of amount $112,500, the current approved amount is $112,500. The loan was approved on 02/26/2021 by The Merchants Bank, National Association reported 14 jobs and $112,500 was used to fund payroll.

Cannon power sports inc is Existing or more than 2 years old

PPP Loan Search / MN / Cannon Falls / Cannon power sports inc

CANNON POWER SPORTS INC

Date Approved

02/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

CANNON POWER SPORTS INC

Borrower Address

31633 64th Ave

Borrower City

Cannon Falls

Borrower State

MN

Borrower Zip

55009-4265

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

112500.00

Current Approval Amount

112500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cannon Falls

Project County Name

GOODHUE

Project State

MN

Project Zip

55009-4265

CD

MN-01

Jobs Reported

14

NAICS Code

441210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

112498.00

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

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

113046.88

Forgiveness Date

08/25/2021

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