PPP Loan information for Borchert motors inc

$19,900

Borchert motors inc was initially approved for PPP Loan of amount $19,900, the current approved amount is $19,900. The loan was approved on 04/27/2020 by The 1st United Bank reported 3 jobs and $19,900 was used to fund payroll.

Borchert motors inc is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Borchert motors inc

BORCHERT MOTORS INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BORCHERT MOTORS INC

Borrower Address

18295 FARIBAULT BLVD

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-8077

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

19900.00

Current Approval Amount

19900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88765

Servicing Lender Name

1st United Bank

Servicing Lender Address

430 NW Fourth St

Servicing Lender City

FARIBAULT

Servicing Lender State

MN

Servicing Lender Zip

55021-5031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-8077

CD

MN-01

Jobs Reported

3

NAICS Code

811111

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

19900.00

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

88765

Originating Lender

1st United Bank

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

20007.79

Forgiveness Date

11/17/2020

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