PPP Loan information for Merschman sales & service inc.

Date Approved

05/16/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MERSCHMAN SALES & SERVICE INC.

Borrower Address

32 Clearwater Avenue NW

Borrower City

Bagley

Borrower State

MN

Borrower Zip

56621

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

16833.37

Current Approval Amount

16833.37

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

529653

Servicing Lender Name

Midwest Minnesota Community Development Corporation

Servicing Lender Address

119 Graystone Plaza, Suite 100

Servicing Lender City

Detroit Lakes

Servicing Lender State

MN

Servicing Lender Zip

56501

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bagley

Project County Name

CLEARWATER

Project State

MN

Project Zip

56621

CD

MN-07

Jobs Reported

6

NAICS Code

811490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

16833.37

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

529653

Originating Lender

Midwest Minnesota Community Development Corporation

Originating Lender City

Detroit Lakes

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

16954.94

Forgiveness Date

02/14/2022