Date Approved
04/05/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
PEARSON AUTOMOTIVE, INC
Borrower Address
171 St. Julien Street
Borrower City
SAINT PETER
Borrower State
MN
Borrower Zip
56082-1877
Loan Status Date
11/18/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
26162.00
Current Approval Amount
26100.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
88597
Servicing Lender Name
HomeTown Bank
Servicing Lender Address
1000 E Cook St
Servicing Lender City
REDWOOD FALLS
Servicing Lender State
Servicing Lender Zip
56283-1941
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
New Business or 2 years or less
Project City
Project County Name
NICOLLET
Project State
Project Zip
CD
MN-01
Jobs Reported
5
NAICS Code
811111
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1000.00
Payroll Proceed
21100.00
Mortgage Interest Proceed
Rent Proceed
4000.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
26252.97
Forgiveness Date
11/12/2020