PPP Loan information for Pen motors inc

$930,007

Pen motors inc was initially approved for PPP Loan of amount $930,007, the current approved amount is $930,007. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 86 jobs and $930,007 was used to fund payroll.

Pen motors inc is Existing or more than 2 years old

PPP Loan Search / MN / Duluth / Pen motors inc

PEN MOTORS INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PEN MOTORS INC

Borrower Address

4710 Miller Trunk Hwy 0.0

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55811-3901

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

930007.00

Current Approval Amount

930007.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Duluth

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55811-3901

CD

MN-08

Jobs Reported

86

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

806807.00

Mortgage Interest Proceed

0.00

Rent Proceed

108200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

941070.47

Forgiveness Date

06/22/2021

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