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Algoma Motors Inc.

$112,000 PPP Loan in Algoma, Wisconsin

Loan Details

Loan Number
5215787005
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$112,000
Current Approval
$112,000
Forgiveness Amount
$112,809
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Algoma Motors Inc.
Address
1020jefferson St
City
Algoma
State
Wisconsin
ZIP Code
54201-1738
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
16
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
WI-08

Loan Use Breakdown

Payroll
$90,000
Rent
$10,000
Utilities
$2,000
Debt Interest
$10,000

Lender Information

Servicing Lender
Nicolet National Bank
Originating Lender
Nicolet National Bank

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