PPP Loan information for John r korsmo agency inc

$28,632

John r korsmo agency inc was initially approved for PPP Loan of amount $27,000, the current approved amount is $28,632. The loan was approved on 04/05/2020 by The First Farmers & Merchants National Bank reported 3 jobs and $28,632 was used to fund payroll.

John r korsmo agency inc is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / John r korsmo agency inc

JOHN R KORSMO AGENCY INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

JOHN R KORSMO AGENCY INC

Borrower Address

403 South State Street

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-4100

Loan Status Date

11/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

27000.00

Current Approval Amount

28632.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116933

Servicing Lender Name

First Farmers & Merchants National Bank

Servicing Lender Address

114 S Park St

Servicing Lender City

FAIRMONT

Servicing Lender State

MN

Servicing Lender Zip

56031-2863

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-4100

CD

MN-01

Jobs Reported

3

NAICS Code

524210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2351.00

Payroll Proceed

22906.00

Mortgage Interest Proceed

0.00

Rent Proceed

3375.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

116933

Originating Lender

First Farmers & Merchants National Bank

Originating Lender City

FAIRMONT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

26768.12

Forgiveness Date

10/16/2020

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