PPP Loan information for New ulm tire, inc.

$57,630

New ulm tire, inc. was initially approved for PPP Loan of amount $57,630, the current approved amount is $57,630. The loan was approved on 04/29/2020 by The Frandsen Bank & Trust reported 4 jobs and $57,630 was used to fund payroll.

New ulm tire, inc. is Existing or more than 2 years old

PPP Loan Search / MN / NEW ULM / New ulm tire, inc.

NEW ULM TIRE, INC.

Date Approved

04/29/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEW ULM TIRE, INC.

Borrower Address

109 N Broadway

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

57630.00

Current Approval Amount

57630.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-0001

CD

MN-01

Jobs Reported

4

NAICS Code

811111

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

5763.00

Payroll Proceed

43223.00

Mortgage Interest Proceed

8644.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

57958.41

Forgiveness Date

12/02/2020

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