PPP Loan information for Cannon power sports inc

$121,800

Cannon power sports inc was initially approved for PPP Loan of amount $121,800, the current approved amount is $121,800. The loan was approved on 04/09/2020 by The Merchants Bank, National Association reported 13 jobs and $121,800 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

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CANNON POWER SPORTS INC

Borrower Address

64TH AVE

Borrower City

CANNON FALLS

Borrower State

MN

Borrower Zip

55009-4265

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

121800.00

Current Approval Amount

121800.00

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

13

NAICS Code

441210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6943.00

Payroll Proceed

70644.00

Mortgage Interest Proceed

14981.00

Rent Proceed

29232.00

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

122787.93

Forgiveness Date

02/04/2021

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