PPP Loan information for Lockwood motors inc

$717,700

Lockwood motors inc was initially approved for PPP Loan of amount $717,700, the current approved amount is $717,700. The loan was approved on 04/08/2020 by The Bremer Bank, National Association reported 70 jobs and $717,700 was used to fund payroll.

Lockwood motors inc is Existing or more than 2 years old

PPP Loan Search / MN / MARSHALL / Lockwood motors inc

LOCKWOOD MOTORS INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LOCKWOOD MOTORS INC

Borrower Address

1310 E College Dr

Borrower City

MARSHALL

Borrower State

MN

Borrower Zip

56258-2012

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

717700.00

Current Approval Amount

717700.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARSHALL

Project County Name

LYON

Project State

MN

Project Zip

56258-2012

CD

MN-07

Jobs Reported

70

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

717700.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

723952.84

Forgiveness Date

03/01/2021

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