PPP Loan information for Powerband racing, inc

$9,500

Powerband racing, inc was initially approved for PPP Loan of amount $9,500, the current approved amount is $9,500. The loan was approved on 04/03/2020 by The The First National Bank of Milaca reported 4 jobs and $9,500 was used to fund payroll.

Powerband racing, inc is Existing or more than 2 years old

PPP Loan Search / MN / BIG LAKE / Powerband racing, inc

POWERBAND RACING, INC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POWERBAND RACING, INC

Borrower Address

16398 255TH AVE NW

Borrower City

BIG LAKE

Borrower State

MN

Borrower Zip

55309-4696

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

9500.00

Current Approval Amount

9500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38387

Servicing Lender Name

The First National Bank of Milaca

Servicing Lender Address

190 2nd Ave SW

Servicing Lender City

MILACA

Servicing Lender State

MN

Servicing Lender Zip

56353-1106

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BIG LAKE

Project County Name

SHERBURNE

Project State

MN

Project Zip

55309-4696

CD

MN-06

Jobs Reported

4

NAICS Code

441210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

9500.00

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

Subchapter S Corporation

Originating Lender Location Id

38387

Originating Lender

The First National Bank of Milaca

Originating Lender City

MILACA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

9568.88

Forgiveness Date

12/31/2020

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