PPP Loan information for Motors-n-more inc

$59,700

Motors-n-more inc was initially approved for PPP Loan of amount $59,700, the current approved amount is $59,700. The loan was approved on 04/07/2020 by The Deerwood Bank reported 4 jobs and $59,700 was used to fund payroll.

Motors-n-more inc is Existing or more than 2 years old

PPP Loan Search / MN / BRAINERD / Motors-n-more inc

MOTORS-N-MORE INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MOTORS-N-MORE INC

Borrower Address

510 10th Ave NE

Borrower City

BRAINERD

Borrower State

MN

Borrower Zip

56401-2867

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

59700.00

Current Approval Amount

59700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BRAINERD

Project County Name

CROW WING

Project State

MN

Project Zip

56401-2867

CD

MN-08

Jobs Reported

4

NAICS Code

441120

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6400.00

Payroll Proceed

47900.00

Mortgage Interest Proceed

5400.00

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

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

60184.23

Forgiveness Date

02/02/2021

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