PPP Loan information for Service merchants inc

$278,447

Service merchants inc was initially approved for PPP Loan of amount $278,447, the current approved amount is $278,447. The loan was approved on 04/27/2020 by The Bremer Bank, National Association reported 19 jobs and $278,447 was used to fund payroll.

Service merchants inc is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Service merchants inc

SERVICE MERCHANTS INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SERVICE MERCHANTS INC

Borrower Address

4865 19TH ST NW SUITE 100

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

278447.00

Current Approval Amount

278447.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-0001

CD

MN-01

Jobs Reported

19

NAICS Code

446199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

278447.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

279926.96

Forgiveness Date

11/12/2020

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