PPP Loan information for Sorensen motors, inc.

$17,300

Sorensen motors, inc. was initially approved for PPP Loan of amount $17,300, the current approved amount is $17,300. The loan was approved on 04/28/2020 by The The First National Bank of Bagley reported 5 jobs and $17,300 was used to fund payroll.

Sorensen motors, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Bagley / Sorensen motors, inc.

SORENSEN MOTORS, INC.

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SORENSEN MOTORS, INC.

Borrower Address

1943 Central St. W

Borrower City

Bagley

Borrower State

MN

Borrower Zip

56621-4244

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

17300.00

Current Approval Amount

17300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36624

Servicing Lender Name

The First National Bank of Bagley

Servicing Lender Address

31 Central St, East

Servicing Lender City

BAGLEY

Servicing Lender State

MN

Servicing Lender Zip

56621-8508

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bagley

Project County Name

CLEARWATER

Project State

MN

Project Zip

56621-4244

CD

MN-08

Jobs Reported

5

NAICS Code

441120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

17300.00

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

36624

Originating Lender

The First National Bank of Bagley

Originating Lender City

BAGLEY

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

17418.70

Forgiveness Date

01/07/2021

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