PPP Loan information for Pierson motor company, inc

$232,500

Pierson motor company, inc was initially approved for PPP Loan of amount $232,500, the current approved amount is $232,500. The loan was approved on 04/09/2020 by The Dacotah Bank reported 26 jobs and $232,500 was used to fund payroll.

Pierson motor company, inc is Existing or more than 2 years old

PPP Loan Search / IA / SPENCER / Pierson motor company, inc

PIERSON MOTOR COMPANY, INC

Date Approved

04/09/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

PIERSON MOTOR COMPANY, INC

Borrower Address

118 11TH STREET SW PLZ

Borrower City

SPENCER

Borrower State

IA

Borrower Zip

51301-5802

Loan Status Date

04/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

232500.00

Current Approval Amount

232500.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

66384

Servicing Lender Name

Dacotah Bank

Servicing Lender Address

308 S Main St

Servicing Lender City

ABERDEEN

Servicing Lender State

SD

Servicing Lender Zip

57401-4146

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPENCER

Project County Name

CLAY

Project State

IA

Project Zip

51301-5802

CD

IA-04

Jobs Reported

26

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

23200.00

Payroll Proceed

186100.00

Mortgage Interest Proceed

0.00

Rent Proceed

23200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

66384

Originating Lender

Dacotah Bank

Originating Lender City

ABERDEEN

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

234598.96

Forgiveness Date

03/09/2021

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