PPP Loan information for Borton automotive inc

$1,291,500

Borton automotive inc was initially approved for PPP Loan of amount $1,291,500, the current approved amount is $1,291,500. The loan was approved on 04/14/2020 by The Bremer Bank, National Association reported 74 jobs and $1,291,500 was used to fund payroll.

Borton automotive inc is Existing or more than 2 years old

PPP Loan Search / MN / Golden Valley / Borton automotive inc

BORTON AUTOMOTIVE INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BORTON AUTOMOTIVE INC

Borrower Address

905 Hampshire Ave So

Borrower City

Golden Valley

Borrower State

MN

Borrower Zip

55426

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1291500.00

Current Approval Amount

1291500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Golden Valley

Project County Name

HENNEPIN

Project State

MN

Project Zip

55426-0001

CD

MN-05

Jobs Reported

74

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1291500.00

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

Corporation

Originating Lender Location Id

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1311739.40

Forgiveness Date

11/12/2021

;