Victory Automotive Service

$743,400 PPP Loan in Minneapolis, Minnesota

Loan Details

Loan Number
3081867108
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$743,400
Current Approval
$743,400
Forgiveness Amount
$747,641
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Victory Automotive Service
Address
1010 Osborne Rd NE
ZIP Code
55432-2806
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
57
Estimated Revenue
$11.2M
Rural/Urban
Urban
Congressional District
MN-05

Loan Use Breakdown

Payroll
$618,698
Rent
$93,730
Utilities
$16,593
Mortgage Interest
$13,940
Debt Interest
$439

Lender Information

Servicing Lender
Midcountry Bank
Originating Lender
Midcountry Bank

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