Herman Motor Co

$128,213 PPP Loan in Luverne, Minnesota

Loan Details

Loan Number
3501288409
Date Approved
Feb 5, 2021
Loan Status
Paid in Full
Initial Approval
$128,213
Current Approval
$128,213
Forgiveness Amount
$128,782
Forgiveness Date
Jul 23, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Herman Motor Co
Address
624 S Kniss Ave
ZIP Code
56156-2285
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Franchise
Ford Motor Company Dealer Sales and Service Agreement
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$128,209
Utilities
$1

Lender Information

Servicing Lender
Minnwest Bank
Originating Lender
Minnwest Bank

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