Mgmt. Five, Inc.

$1,271,700 PPP Loan in Inver Grove Heights, Minnesota

Loan Details

Loan Number
4996407004
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,271,700
Current Approval
$1,271,700
Forgiveness Amount
$1,280,284
Forgiveness Date
Dec 9, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mgmt. Five, Inc.
Address
4725 So. Robert Tr.
ZIP Code
55077-1108
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
84
Estimated Revenue
$21.2M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$1,017,400
Rent
$89,300
Utilities
$16,000
Health Care
$109,000
Debt Interest
$40,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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