PPP Loan information for Hastings automotive inc.

$379,112

Hastings automotive inc. was initially approved for PPP Loan of amount $379,112, the current approved amount is $379,112. The loan was approved on 04/09/2020 by The Vermillion State Bank reported 30 jobs and $379,112 was used to fund payroll.

Hastings automotive inc. is Existing or more than 2 years old

PPP Loan Search / MN / HASTINGS / Hastings automotive inc.

HASTINGS AUTOMOTIVE INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HASTINGS AUTOMOTIVE INC.

Borrower Address

3625 Vermillion St

Borrower City

HASTINGS

Borrower State

MN

Borrower Zip

55033-4006

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

379112.00

Current Approval Amount

379112.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

38967

Servicing Lender Name

Vermillion State Bank

Servicing Lender Address

107 E Main St

Servicing Lender City

VERMILLION

Servicing Lender State

MN

Servicing Lender Zip

55085

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HASTINGS

Project County Name

DAKOTA

Project State

MN

Project Zip

55033-4006

CD

MN-02

Jobs Reported

30

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7000.00

Payroll Proceed

284346.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

7766.00

Debt Interest Proceed

20000

Business Type

Subchapter S Corporation

Originating Lender Location Id

38967

Originating Lender

Vermillion State Bank

Originating Lender City

VERMILLION

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

381618.35

Forgiveness Date

12/09/2020

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