Koronis Motor Group
$223,000 PPP Loan in Paynesville, Minnesota
Loan Details
- Loan Number
- 6208347009
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $223,000
- Current Approval
- $223,000
- Forgiveness Amount
- $225,156
- Forgiveness Date
- Mar 30, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Koronis Motor Group
- Address
- 28601 Hwy 55
- City
- Paynesville
- State
- Minnesota
- ZIP Code
- 56362
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 23
- Estimated Revenue
- $5.8M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $178,300
- Rent
- $17,700
- Utilities
- $13,000
- Health Care
- $14,000
Lender Information
- Servicing Lender
- Deerwood Bank
- Originating Lender
- Deerwood Bank
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