PPP Loan information for Mike molstead motors, inc.

$986,000

Mike molstead motors, inc. was initially approved for PPP Loan of amount $986,000, the current approved amount is $986,000. The loan was approved on 04/03/2020 by The First Citizens Bank reported 61 jobs and $986,000 was used to fund payroll.

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

PPP Loan Search / IA / CHARLES CITY / Mike molstead motors, inc.

MIKE MOLSTEAD MOTORS, INC.

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MIKE MOLSTEAD MOTORS, INC.

Borrower Address

1501 S Grand Ave

Borrower City

CHARLES CITY

Borrower State

IA

Borrower Zip

50616-3671

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

986000.00

Current Approval Amount

986000.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

24732

Servicing Lender Name

First Citizens Bank

Servicing Lender Address

2601 4th St SW

Servicing Lender City

MASON CITY

Servicing Lender State

IA

Servicing Lender Zip

50401-4650

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHARLES CITY

Project County Name

FLOYD

Project State

IA

Project Zip

50616-3671

CD

IA-02

Jobs Reported

61

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

98510.00

Payroll Proceed

788880.00

Mortgage Interest Proceed

0.00

Rent Proceed

98610.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

24732

Originating Lender

First Citizens Bank

Originating Lender City

MASON CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

995449.17

Forgiveness Date

03/18/2021

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