PPP Loan information for P&l automotive inc.

$317,700

P&l automotive inc. was initially approved for PPP Loan of amount $317,700, the current approved amount is $317,700. The loan was approved on 03/31/2021 by The Alerus Financial, National Association reported 35 jobs and $317,700 was used to fund payroll.

P&l automotive inc. is Existing or more than 2 years old

PPP Loan Search / MN / Edina / P&l automotive inc.

P&L AUTOMOTIVE INC.

Date Approved

03/31/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

P&L AUTOMOTIVE INC.

Borrower Address

5625 W 78th St

Borrower City

Edina

Borrower State

MN

Borrower Zip

55439-3123

Loan Status Date

12/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

317700.00

Current Approval Amount

317700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Edina

Project County Name

HENNEPIN

Project State

MN

Project Zip

55439-3123

CD

MN-03

Jobs Reported

35

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

317700.00

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

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

319773.88

Forgiveness Date

11/24/2021

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