Date Approved
04/28/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
SORLIE ACOUSTICS, INC.
Borrower Address
4729 Martin Rd
Borrower City
Duluth
Borrower State
MN
Borrower Zip
55803
Loan Status Date
12/17/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
139141.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36821
Servicing Lender Name
Western National Bank
Servicing Lender Address
201 N Central Ave
Servicing Lender City
DULUTH
Servicing Lender State
Servicing Lender Zip
55807-2404
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SAINT LOUIS
Project State
Project Zip
55803-1100
CD
MN-08
Jobs Reported
7
NAICS Code
238310
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
3141.00
Payroll Proceed
130000.00
Mortgage Interest Proceed
4000.00
Rent Proceed
2000.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
139859.90
Forgiveness Date
11/03/2020