PPP Loan information for Transmission shop inc

$124,200

Transmission shop inc was initially approved for PPP Loan of amount $124,200, the current approved amount is $124,200. The loan was approved on 04/28/2020 by The Merchants Bank, National Association reported 9 jobs and $124,200 was used to fund payroll.

Transmission shop inc is New Business or 2 years or less

PPP Loan Search / MN / RICHFIELD / Transmission shop inc

TRANSMISSION SHOP INC

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TRANSMISSION SHOP INC

Borrower Address

6958 CEDAR AVE S

Borrower City

RICHFIELD

Borrower State

MN

Borrower Zip

55423-2768

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

124200.00

Current Approval Amount

124200.00

Undisbursed Amount

0.00

Franchise Name

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

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

RICHFIELD

Project County Name

HENNEPIN

Project State

MN

Project Zip

55423-2768

CD

MN-05

Jobs Reported

9

NAICS Code

811113

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2236.00

Payroll Proceed

82632.00

Mortgage Interest Proceed

0.00

Rent Proceed

17500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

21832.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

115795.20

Forgiveness Date

11/12/2020

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