Smith Imports Motor Supply, Inc.

$47,000 PPP Loan in Hopkins, Minnesota

Loan Details

Loan Number
5965627002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$47,000
Current Approval
$47,000
Forgiveness Amount
$47,301
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Smith Imports Motor Supply, Inc.
Address
2011 Mainstreet
ZIP Code
55343-7452
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$37,624
Rent
$5,495
Utilities
$1,532
Health Care
$1,760
Debt Interest
$589

Lender Information

Servicing Lender
First Minnetonka City Bank
Originating Lender
First Minnetonka City Bank

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