PPP Loan information for Southtown of pelican rapids

$55,900

Southtown of pelican rapids was initially approved for PPP Loan of amount $55,900, the current approved amount is $55,900. The loan was approved on 04/03/2020 by The Midwest Bank reported 18 jobs and $55,900 was used to fund payroll.

Southtown of pelican rapids is Existing or more than 2 years old

PPP Loan Search / MN / PELICAN RAPIDS / Southtown of pelican rapids

SOUTHTOWN OF PELICAN RAPIDS

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTHTOWN OF PELICAN RAPIDS

Borrower Address

901 S BROADWAY

Borrower City

PELICAN RAPIDS

Borrower State

MN

Borrower Zip

56572-4706

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55900.00

Current Approval Amount

55900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39006

Servicing Lender Name

Midwest Bank

Servicing Lender Address

613 Hwy 10 E

Servicing Lender City

DETROIT LAKES

Servicing Lender State

MN

Servicing Lender Zip

56501-4127

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PELICAN RAPIDS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56572-4706

CD

MN-07

Jobs Reported

18

NAICS Code

445120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

55900.00

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

Subchapter S Corporation

Originating Lender Location Id

39006

Originating Lender

Midwest Bank

Originating Lender City

DETROIT LAKES

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

46182.95

Forgiveness Date

11/25/2020

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