PPP Loan information for Thorco inc

$333,600

Thorco inc was initially approved for PPP Loan of amount $333,600, the current approved amount is $333,600. The loan was approved on 04/06/2020 by The FM Bank reported 52 jobs and $333,600 was used to fund payroll.

Thorco inc is Existing or more than 2 years old

PPP Loan Search / MN / GRANITE FALLS / Thorco inc

THORCO INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

THORCO INC

Borrower Address

1801 County Road 38

Borrower City

GRANITE FALLS

Borrower State

MN

Borrower Zip

56241-4101

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

333600.00

Current Approval Amount

333600.00

Undisbursed Amount

0.00

Franchise Name

Valvoline Instant Oil Change

Servicing Lender Location Id

38192

Servicing Lender Name

FM Bank

Servicing Lender Address

702 Prentice St

Servicing Lender City

GRANITE FALLS

Servicing Lender State

MN

Servicing Lender Zip

56241-1541

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRANITE FALLS

Project County Name

RENVILLE

Project State

MN

Project Zip

56241-4101

CD

MN-07

Jobs Reported

52

NAICS Code

811191

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

333600.00

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

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

336798.90

Forgiveness Date

03/31/2021

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