PPP Loan information for Southtown inc

$163,421

Southtown inc was initially approved for PPP Loan of amount $163,421, the current approved amount is $163,421. The loan was approved on 03/20/2021 by The Magnifi Financial CU reported 19 jobs and $163,421 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

03/20/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SOUTHTOWN INC

Borrower Address

1505 Main St S

Borrower City

Sauk Centre

Borrower State

MN

Borrower Zip

56378-2600

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

163421.00

Current Approval Amount

163421.00

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

19

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

163417.00

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

165202.96

Forgiveness Date

04/26/2022

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