PPP Loan information for Southpoint motors, inc.

$106,340

Southpoint motors, inc. was initially approved for PPP Loan of amount $106,340, the current approved amount is $106,340. The loan was approved on 04/08/2020 by The First Alliance Credit Union reported 8 jobs and $106,340 was used to fund payroll.

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

PPP Loan Search / MN / ROCHESTER / Southpoint motors, inc.

SOUTHPOINT MOTORS, INC.

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTHPOINT MOTORS, INC.

Borrower Address

10 7th Street NE

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55906-3629

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106340.17

Current Approval Amount

106340.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99771

Servicing Lender Name

First Alliance Credit Union

Servicing Lender Address

320 Alliance Pl Northeast

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55906-4425

Rural Urban Indicator

U

Hubzone Indicator

Y

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

55906-3629

CD

MN-01

Jobs Reported

8

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

106340.17

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

99771

Originating Lender

First Alliance Credit Union

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

107164.67

Forgiveness Date

01/25/2021

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