PPP Loan information for Mankato ford, llc

$716,900

Mankato ford, llc was initially approved for PPP Loan of amount $716,973, the current approved amount is $716,900. The loan was approved on 05/07/2020 by The Farmers State Bank reported 477 jobs and $716,900 was used to fund payroll.

Mankato ford, llc is New Business or 2 years or less

PPP Loan Search / MN / MANKATO / Mankato ford, llc

MANKATO FORD, LLC

Date Approved

05/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MANKATO FORD, LLC

Borrower Address

1935 MADISON AVE

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-5414

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

716973.00

Current Approval Amount

716900.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

25124

Servicing Lender Name

Farmers State Bank

Servicing Lender Address

131 Tower Park Dr, Ste 100

Servicing Lender City

WATERLOO

Servicing Lender State

IA

Servicing Lender Zip

50701-9374

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MANKATO

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-5414

CD

MN-01

Jobs Reported

477

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

716900.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

25124

Originating Lender

Farmers State Bank

Originating Lender City

WATERLOO

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

723252.53

Forgiveness Date

03/31/2021

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