PPP Loan information for Koronis motor group

$223,000

Koronis motor group was initially approved for PPP Loan of amount $223,000, the current approved amount is $223,000. The loan was approved on 04/06/2020 by The Deerwood Bank reported 23 jobs and $223,000 was used to fund payroll.

Koronis motor group is Existing or more than 2 years old

PPP Loan Search / MN / PAYNESVILLE / Koronis motor group

KORONIS MOTOR GROUP

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

KORONIS MOTOR GROUP

Borrower Address

28601 Hwy 55

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362

Loan Status Date

04/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

223000.00

Current Approval Amount

223000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PAYNESVILLE

Project County Name

STEARNS

Project State

MN

Project Zip

56362-0001

CD

MN-07

Jobs Reported

23

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13000.00

Payroll Proceed

178300.00

Mortgage Interest Proceed

0.00

Rent Proceed

17700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

14000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

225155.67

Forgiveness Date

03/30/2021

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