Pen Motors INC
$930,007 PPP Loan in Duluth, Minnesota
Loan Details
- Loan Number
- 1045057105
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $930,007
- Current Approval
- $930,007
- Forgiveness Amount
- $941,070
- Forgiveness Date
- Jun 22, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Pen Motors INC
- Address
- 4710 Miller Trunk Hwy 0.0
- City
- Duluth
- State
- Minnesota
- ZIP Code
- 55811-3901
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 86
- Estimated Revenue
- $21.7M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $806,807
- Rent
- $108,200
- Utilities
- $15,000
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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