PPP Loan information for Maday motors inc

$199,700

Maday motors inc was initially approved for PPP Loan of amount $199,700, the current approved amount is $199,700. The loan was approved on 04/05/2020 by The Citizens Bank Minnesota reported 16 jobs and $199,700 was used to fund payroll.

Maday motors inc is Existing or more than 2 years old

PPP Loan Search / MN / NEW ULM / Maday motors inc

MADAY MOTORS INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MADAY MOTORS INC

Borrower Address

2403 S BROADWAY ST

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073-3950

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

199700.00

Current Approval Amount

199700.00

Undisbursed Amount

0.00

Franchise Name

Jeep - Sales and Service Agreement

Servicing Lender Location Id

38679

Servicing Lender Name

Citizens Bank Minnesota

Servicing Lender Address

105 N Minnesota St

Servicing Lender City

NEW ULM

Servicing Lender State

MN

Servicing Lender Zip

56073-1729

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-3950

CD

MN-01

Jobs Reported

16

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

199700.00

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

Subchapter S Corporation

Originating Lender Location Id

38679

Originating Lender

Citizens Bank Minnesota

Originating Lender City

NEW ULM

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

201014.69

Forgiveness Date

12/09/2020

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