PPP Loan information for Herman motor co

$128,213

Herman motor co was initially approved for PPP Loan of amount $128,213, the current approved amount is $128,213. The loan was approved on 02/05/2021 by The Minnwest Bank reported 15 jobs and $128,213 was used to fund payroll.

Herman motor co is Existing or more than 2 years old

PPP Loan Search / MN / Luverne / Herman motor co

HERMAN MOTOR CO

Date Approved

02/05/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

HERMAN MOTOR CO

Borrower Address

624 S Kniss Ave

Borrower City

Luverne

Borrower State

MN

Borrower Zip

56156-2285

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

128212.50

Current Approval Amount

128212.50

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

36636

Servicing Lender Name

Minnwest Bank

Servicing Lender Address

300 S Washington St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Luverne

Project County Name

ROCK

Project State

MN

Project Zip

56156-2285

CD

MN-01

Jobs Reported

15

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

128208.50

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

36636

Originating Lender

Minnwest Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

128781.55

Forgiveness Date

07/23/2021

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