PPP Loan information for Preferred capital management inc

$176,300

Preferred capital management inc was initially approved for PPP Loan of amount $176,300, the current approved amount is $176,300. The loan was approved on 04/13/2020 by The Cherokee State Bank reported 26 jobs and $176,300 was used to fund payroll.

Preferred capital management inc is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Preferred capital management inc

PREFERRED CAPITAL MANAGEMENT INC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PREFERRED CAPITAL MANAGEMENT INC

Borrower Address

1275 Highway 15 South

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-4461

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

176300.00

Current Approval Amount

176300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24759

Servicing Lender Name

Cherokee State Bank

Servicing Lender Address

212 W Willow St

Servicing Lender City

CHEROKEE

Servicing Lender State

IA

Servicing Lender Zip

51012-1857

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-4461

CD

MN-01

Jobs Reported

26

NAICS Code

541611

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

176300.00

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

Corporation

Originating Lender Location Id

24759

Originating Lender

Cherokee State Bank

Originating Lender City

CHEROKEE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

177415.76

Forgiveness Date

12/08/2020

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