PPP Loan information for Sorensen & sorensen painting and decorating

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SORENSEN & SORENSEN PAINTING AND DECORATING

Borrower Address

2038 15TH ST NW

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901-0716

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

884000.00

Current Approval Amount

1493000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38766

Servicing Lender Name

F & M Community Bank, National Association

Servicing Lender Address

100 St. Anthony St, North

Servicing Lender City

PRESTON

Servicing Lender State

MN

Servicing Lender Zip

55965-1104

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-0716

CD

MN-01

Jobs Reported

84

NAICS Code

238320

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4000.00

Payroll Proceed

1449000.00

Mortgage Interest Proceed

0.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38766

Originating Lender

F & M Community Bank, National Association

Originating Lender City

PRESTON

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1504616.77

Forgiveness Date

01/20/2021