PPP Loan information for Northern motors, inc.

$170,357

Northern motors, inc. was initially approved for PPP Loan of amount $170,357, the current approved amount is $170,357. The loan was approved on 04/09/2020 by The Northern State Bank of Thief River Falls reported 19 jobs and $170,357 was used to fund payroll.

Northern motors, inc. is New Business or 2 years or less

PPP Loan Search / MN / THIEF RIVER FALLS / Northern motors, inc.

NORTHERN MOTORS, INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORTHERN MOTORS, INC.

Borrower Address

1112 3rd Street West

Borrower City

THIEF RIVER FALLS

Borrower State

MN

Borrower Zip

56701-1773

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

170357.00

Current Approval Amount

170357.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38937

Servicing Lender Name

Northern State Bank of Thief River Falls

Servicing Lender Address

201 E 3rd St

Servicing Lender City

THIEF RIVER FALLS

Servicing Lender State

MN

Servicing Lender Zip

56701-2007

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

THIEF RIVER FALLS

Project County Name

PENNINGTON

Project State

MN

Project Zip

56701-1773

CD

MN-07

Jobs Reported

19

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

42589.25

Payroll Proceed

127767.75

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

38937

Originating Lender

Northern State Bank of Thief River Falls

Originating Lender City

THIEF RIVER FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

171827.20

Forgiveness Date

02/24/2021

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