PPP Loan information for Marthaler automotive of worthington, inc.

$482,000

Marthaler automotive of worthington, inc. was initially approved for PPP Loan of amount $482,000, the current approved amount is $482,000. The loan was approved on 04/05/2020 by The Glenwood State Bank Incorporated reported 47 jobs and $482,000 was used to fund payroll.

Marthaler automotive of worthington, inc. is Existing or more than 2 years old

PPP Loan Search / MN / WORTHINGTON / Marthaler automotive of worthington, inc.

MARTHALER AUTOMOTIVE OF WORTHINGTON, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MARTHALER AUTOMOTIVE OF WORTHINGTON, INC.

Borrower Address

1627 Oxford St

Borrower City

WORTHINGTON

Borrower State

MN

Borrower Zip

56187-1911

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

482000.00

Current Approval Amount

482000.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

38123

Servicing Lender Name

Glenwood State Bank Incorporated

Servicing Lender Address

5 E Minnesota Ave

Servicing Lender City

GLENWOOD

Servicing Lender State

MN

Servicing Lender Zip

56334-1625

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WORTHINGTON

Project County Name

NOBLES

Project State

MN

Project Zip

56187-1911

CD

MN-01

Jobs Reported

47

NAICS Code

423120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

482000.00

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

38123

Originating Lender

Glenwood State Bank Incorporated

Originating Lender City

GLENWOOD

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

485525.86

Forgiveness Date

01/08/2021

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