PPP Loan information for Northfield automotive inc.

$316,977

Northfield automotive inc. was initially approved for PPP Loan of amount $316,977, the current approved amount is $316,977. The loan was approved on 04/09/2020 by The Vermillion State Bank reported 27 jobs and $316,977 was used to fund payroll.

Northfield automotive inc. is New Business or 2 years or less

PPP Loan Search / MN / NORTHFIELD / Northfield automotive inc.

NORTHFIELD AUTOMOTIVE INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORTHFIELD AUTOMOTIVE INC.

Borrower Address

1201 Highway 3 S

Borrower City

NORTHFIELD

Borrower State

MN

Borrower Zip

55057

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

316977.00

Current Approval Amount

316977.00

Undisbursed Amount

0.00

Franchise Name

Ford Motor Company Dealer Sales and Service Agreement

Servicing Lender Location Id

38967

Servicing Lender Name

Vermillion State Bank

Servicing Lender Address

107 E Main St

Servicing Lender City

VERMILLION

Servicing Lender State

MN

Servicing Lender Zip

55085

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

NORTHFIELD

Project County Name

RICE

Project State

MN

Project Zip

55057-0001

CD

MN-02

Jobs Reported

27

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

237777.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

2500.00

Debt Interest Proceed

21700

Business Type

Subchapter S Corporation

Originating Lender Location Id

38967

Originating Lender

Vermillion State Bank

Originating Lender City

VERMILLION

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

319072.57

Forgiveness Date

12/09/2020

;