PPP Loan information for Petersen inc of worthington slumberland, inc

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PETERSEN INC OF WORTHINGTON SLUMBERLAND, INC

Borrower Address

1285 Ryans Rd

Borrower City

WORTHINGTON

Borrower State

MN

Borrower Zip

56187-1722

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55385.00

Current Approval Amount

55385.00

Undisbursed Amount

0.00

Franchise Name

Slumberland

Servicing Lender Location Id

38811

Servicing Lender Name

First State Bank Southwest

Servicing Lender Address

202 8th Ave SE

Servicing Lender City

PIPESTONE

Servicing Lender State

MN

Servicing Lender Zip

56164-2140

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WORTHINGTON

Project County Name

NOBLES

Project State

MN

Project Zip

56187-1722

CD

MN-01

Jobs Reported

7

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3500.00

Payroll Proceed

36885.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38811

Originating Lender

First State Bank Southwest

Originating Lender City

PIPESTONE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

55863.46

Forgiveness Date

02/19/2021