PPP Loan information for High gear auto incorporated

$457,200

High gear auto incorporated was initially approved for PPP Loan of amount $457,200, the current approved amount is $457,200. The loan was approved on 04/06/2020 by The Highland Bank reported 83 jobs and $457,200 was used to fund payroll.

High gear auto incorporated is Existing or more than 2 years old

PPP Loan Search / MN / COTTAGE GROVE / High gear auto incorporated

HIGH GEAR AUTO INCORPORATED

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HIGH GEAR AUTO INCORPORATED

Borrower Address

9035 Janero Ave South

Borrower City

COTTAGE GROVE

Borrower State

MN

Borrower Zip

55016-4071

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

457200.00

Current Approval Amount

457200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38837

Servicing Lender Name

Highland Bank

Servicing Lender Address

113 Central Ave East

Servicing Lender City

St. Michael

Servicing Lender State

MN

Servicing Lender Zip

55376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COTTAGE GROVE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55016-4071

CD

MN-02

Jobs Reported

83

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

457200.00

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

Corporation

Originating Lender Location Id

38837

Originating Lender

Highland Bank

Originating Lender City

St. Michael

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

462273.04

Forgiveness Date

05/27/2021

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