PPP Loan information for Marthaler motors of worthington, inc.

$332,500

Marthaler motors of worthington, inc. was initially approved for PPP Loan of amount $332,500, the current approved amount is $332,500. The loan was approved on 04/04/2020 by The Glenwood State Bank Incorporated reported 35 jobs and $332,500 was used to fund payroll.

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

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

MARTHALER MOTORS OF WORTHINGTON, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MARTHALER MOTORS OF WORTHINGTON, INC.

Borrower Address

611 Oxford St

Borrower City

WORTHINGTON

Borrower State

MN

Borrower Zip

56187-1659

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

332500.00

Current Approval Amount

332500.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company 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

56187-1659

CD

MN-01

Jobs Reported

35

NAICS Code

441110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

332500.00

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

334941.37

Forgiveness Date

01/08/2021

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