Erickson Truck Salvage & Sales, Inc.

$491,300 PPP Loan in Jackson, Minnesota

Loan Details

Loan Number
4608657008
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$491,300
Current Approval
$491,300
Forgiveness Amount
$496,090
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Erickson Truck Salvage & Sales, Inc.
Address
75196 Petersburg Rd
ZIP Code
56143-3274
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
New Business or 2 years or less
Jobs Reported
60
Estimated Revenue
$15.1M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$369,200
Utilities
$55,600
Health Care
$33,200
Mortgage Interest
$6,000
Debt Interest
$27,300

Lender Information

Servicing Lender
Community State Bank
Originating Lender
Community State Bank

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