PPP Loan information for Rihm motor company

$3,384,200

Rihm motor company was initially approved for PPP Loan of amount $3,384,200, the current approved amount is $3,384,200. The loan was approved on 04/06/2020 by The Merchants Bank, National Association reported 268 jobs and $3,384,200 was used to fund payroll.

Rihm motor company is Existing or more than 2 years old

RIHM MOTOR COMPANY

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RIHM MOTOR COMPANY

Borrower Address

425 CONCORD STREET S

Borrower City

SOUTH SAINT PAUL

Borrower State

MN

Borrower Zip

55075-1145

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3384200.00

Current Approval Amount

3384200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOUTH SAINT PAUL

Project County Name

DAKOTA

Project State

MN

Project Zip

55075-1145

CD

MN-02

Jobs Reported

268

NAICS Code

532120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

76784.00

Payroll Proceed

2876742.00

Mortgage Interest Proceed

0.00

Rent Proceed

430674.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3424246.37

Forgiveness Date

06/15/2021

;