PPP Loan information for Tim amdahl automotive inc

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TIM AMDAHL AUTOMOTIVE INC

Borrower Address

2500 HIGHWAY 61 W

Borrower City

RED WING

Borrower State

MN

Borrower Zip

55066-1472

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

547200.00

Current Approval Amount

547200.00

Undisbursed Amount

0.00

Franchise Name

General Motors, LLC (Chevrolet, Buick, GM, Cadillac) Dealer Sales and Service Agreement

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED WING

Project County Name

GOODHUE

Project State

MN

Project Zip

55066-1472

CD

MN-01

Jobs Reported

38

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

13332.00

Payroll Proceed

442868.00

Mortgage Interest Proceed

26000.00

Rent Proceed

65000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

551000.00

Forgiveness Date

12/22/2020