PPP Loan information for South main auto center

$32,000

South main auto center was initially approved for PPP Loan of amount $32,000, the current approved amount is $32,000. The loan was approved on 04/28/2020 by The First Farmers & Merchants State Bank reported 7 jobs and $32,000 was used to fund payroll.

South main auto center is Existing or more than 2 years old

PPP Loan Search / MN / AUSTIN / South main auto center

SOUTH MAIN AUTO CENTER

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTH MAIN AUTO CENTER

Borrower Address

109 SOUTHMAIN ST

Borrower City

AUSTIN

Borrower State

MN

Borrower Zip

55912-3409

Loan Status Date

11/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

32000.00

Current Approval Amount

32000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36685

Servicing Lender Name

First Farmers & Merchants State Bank

Servicing Lender Address

106 W Main St

Servicing Lender City

BROWNSDALE

Servicing Lender State

MN

Servicing Lender Zip

55918

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

AUSTIN

Project County Name

MOWER

Project State

MN

Project Zip

55912-3409

CD

MN-01

Jobs Reported

7

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8000.00

Payroll Proceed

24000.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

36685

Originating Lender

First Farmers & Merchants State Bank

Originating Lender City

BROWNSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

32136.89

Forgiveness Date

10/13/2020

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