Sorensen & Sorensen Painting and Decorating
$884,000 PPP Loan in Rochester, Minnesota
Loan Details
- Loan Number
- 4803187004
- Date Approved
- Apr 4, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $884,000
- Current Approval
- $1,493,000
- Forgiveness Amount
- $1,504,617
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Sorensen & Sorensen Painting and Decorating
- Address
- 2038 15th St NW
- City
- Rochester
- State
- Minnesota
- ZIP Code
- 55901-0716
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238320)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 84
- Estimated Revenue
- $21.2M
- Rural/Urban
- Urban
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $1,449,000
- Rent
- $40,000
- Utilities
- $4,000
Lender Information
- Servicing Lender
- F & M Community Bank, National Association
- Originating Lender
- F & M Community Bank, National Association
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