Tousley Motorsports, Inc.

$575,000 PPP Loan in Saint Paul, Minnesota

Loan Details

Loan Number
1550157101
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$575,000
Current Approval
$575,000
Forgiveness Amount
$579,153
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Tousley Motorsports, Inc.
Address
1400 East County Road E
ZIP Code
55110-5230
Business Type
Corporation
Industry (NAICS)
Retail Trade (441228)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$13.3M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$470,000
Rent
$51,000
Utilities
$10,000
Health Care
$28,000
Mortgage Interest
$16,000

Lender Information

Servicing Lender
Premier Bank
Originating Lender
Premier Bank

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