PPP Loan information for Grand rapids automotive, inc

$356,300

Grand rapids automotive, inc was initially approved for PPP Loan of amount $356,300, the current approved amount is $356,300. The loan was approved on 04/04/2020 by The First National Bank North reported 39 jobs and $356,300 was used to fund payroll.

Grand rapids automotive, inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Grand rapids automotive, inc

GRAND RAPIDS AUTOMOTIVE, INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GRAND RAPIDS AUTOMOTIVE, INC

Borrower Address

1510 POKEGAMA AVE

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-4238

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

356300.00

Current Approval Amount

356300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38992

Servicing Lender Name

First National Bank North

Servicing Lender Address

600 Minnesota Ave West

Servicing Lender City

WALKER

Servicing Lender State

MN

Servicing Lender Zip

56484-2279

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-4238

CD

MN-08

Jobs Reported

39

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

356300.00

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

38992

Originating Lender

First National Bank North

Originating Lender City

WALKER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

359071.22

Forgiveness Date

01/20/2021

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