PPP Loan information for Southtown, inc

$98,300

Southtown, inc was initially approved for PPP Loan of amount $98,300, the current approved amount is $98,300. The loan was approved on 04/13/2020 by The Magnifi Financial CU reported 18 jobs and $98,300 was used to fund payroll.

Southtown, inc is Existing or more than 2 years old

PPP Loan Search / MN / SAUK CENTRE / Southtown, inc

SOUTHTOWN, INC

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTHTOWN, INC

Borrower Address

1505 MAIN ST S

Borrower City

SAUK CENTRE

Borrower State

MN

Borrower Zip

56378-2600

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

98300.00

Current Approval Amount

98300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAUK CENTRE

Project County Name

STEARNS

Project State

MN

Project Zip

56378-2600

CD

MN-07

Jobs Reported

18

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5556.00

Payroll Proceed

92744.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

99573.86

Forgiveness Date

08/03/2021

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