PPP Loan information for Mcdonough truck lines inc

$241,700

Mcdonough truck lines inc was initially approved for PPP Loan of amount $241,700, the current approved amount is $241,700. The loan was approved on 04/04/2020 by The 1st United Bank reported 16 jobs and $241,700 was used to fund payroll.

Mcdonough truck lines inc is Existing or more than 2 years old

MCDONOUGH TRUCK LINES INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MCDONOUGH TRUCK LINES INC

Borrower Address

3115 INDUSTRIAL DR

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-1700

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

241700.00

Current Approval Amount

241700.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-1700

CD

MN-01

Jobs Reported

16

NAICS Code

484110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

241700.00

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

88765

Originating Lender

1st United Bank

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

244210.99

Forgiveness Date

04/26/2021

;