PPP Loan information for Cormac, llc

$512,700

Cormac, llc was initially approved for PPP Loan of amount $512,700, the current approved amount is $512,700. The loan was approved on 04/14/2020 by The Park State Bank reported 233 jobs and $512,700 was used to fund payroll.

Cormac, llc is Existing or more than 2 years old

PPP Loan Search / MN / HIBBING / Cormac, llc

CORMAC, LLC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CORMAC, LLC

Borrower Address

1440 E 40TH ST

Borrower City

HIBBING

Borrower State

MN

Borrower Zip

55746-3667

Loan Status Date

02/27/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

512700.00

Current Approval Amount

512700.00

Undisbursed Amount

0.00

Franchise Name

McDonalds

Servicing Lender Location Id

36814

Servicing Lender Name

Park State Bank

Servicing Lender Address

2630 W Superior St

Servicing Lender City

DULUTH

Servicing Lender State

MN

Servicing Lender Zip

55806-1817

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HIBBING

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55746-3667

CD

MN-08

Jobs Reported

233

NAICS Code

722513

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

410194.00

Mortgage Interest Proceed

82506.00

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

36814

Originating Lender

Park State Bank

Originating Lender City

DULUTH

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

516075.28

Forgiveness Date

12/09/2020

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