PPP Loan information for Medford motors, inc.

$497,200

Medford motors, inc. was initially approved for PPP Loan of amount $497,200, the current approved amount is $497,200. The loan was approved on 04/03/2020 by The Forward Bank reported 35 jobs and $497,200 was used to fund payroll.

Medford motors, inc. is Existing or more than 2 years old

PPP Loan Search / WI / MEDFORD / Medford motors, inc.

MEDFORD MOTORS, INC.

Date Approved

04/03/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MEDFORD MOTORS, INC.

Borrower Address

105 S WISCONSIN AVE

Borrower City

MEDFORD

Borrower State

WI

Borrower Zip

54451-1750

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

497200.00

Current Approval Amount

497200.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

79583

Servicing Lender Name

Forward Bank

Servicing Lender Address

1001 N Central Ave

Servicing Lender City

MARSHFIELD

Servicing Lender State

WI

Servicing Lender Zip

54449-2124

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MEDFORD

Project County Name

TAYLOR

Project State

WI

Project Zip

54451-1750

CD

WI-07

Jobs Reported

35

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

69372.52

Payroll Proceed

397827.48

Mortgage Interest Proceed

30000.00

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

79583

Originating Lender

Forward Bank

Originating Lender City

MARSHFIELD

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

500569.91

Forgiveness Date

12/09/2020

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