PPP Loan information for Scholtes motors inc.

$129,168

Scholtes motors inc. was initially approved for PPP Loan of amount $129,168, the current approved amount is $129,168. The loan was approved on 01/22/2021 by The First State Bank Southwest reported 12 jobs and $129,168 was used to fund payroll.

Scholtes motors inc. is Existing or more than 2 years old

PPP Loan Search / MN / Worthington / Scholtes motors inc.

SCHOLTES MOTORS INC.

Date Approved

01/22/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SCHOLTES MOTORS INC.

Borrower Address

1215 Sherwood St

Borrower City

Worthington

Borrower State

MN

Borrower Zip

56187-2928

Loan Status Date

08/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

129168.00

Current Approval Amount

129168.00

Undisbursed Amount

0.00

Franchise Name

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

N

Business Age Description

Existing or more than 2 years old

Project City

Worthington

Project County Name

NOBLES

Project State

MN

Project Zip

56187-2928

CD

MN-01

Jobs Reported

12

NAICS Code

441120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

129165.00

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

38811

Originating Lender

First State Bank Southwest

Originating Lender City

PIPESTONE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

129774.37

Forgiveness Date

07/21/2021

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