Rihm Motor Company

$3,384,200 PPP Loan in South Saint Paul, Minnesota

Loan Details

Loan Number
5602047006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$3,384,200
Current Approval
$3,384,200
Forgiveness Amount
$3,424,246
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Rihm Motor Company
Address
425 Concord Street S
ZIP Code
55075-1145
Business Type
Subchapter S Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (532120)
Business Age
Existing or more than 2 years old
Jobs Reported
268
Estimated Revenue
$121.1M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$2,876,742
Rent
$430,674
Utilities
$76,784

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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