PPP Loan information for Norseman motor, inc.

$429,300

Norseman motor, inc. was initially approved for PPP Loan of amount $429,300, the current approved amount is $429,300. The loan was approved on 04/03/2020 by The Midwest Bank reported 38 jobs and $429,300 was used to fund payroll.

Norseman motor, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Norseman motor, inc.

NORSEMAN MOTOR, INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORSEMAN MOTOR, INC.

Borrower Address

425 Highway 10 East

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

429300.00

Current Approval Amount

429300.00

Undisbursed Amount

0.00

Franchise Name

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

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-0002

CD

MN-07

Jobs Reported

38

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

429300.00

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

Subchapter S Corporation

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

432169.84

Forgiveness Date

12/09/2020

;