Downtown Tire & Auto INC

$51,300 PPP Loan in Hastings, Minnesota

Loan Details

Loan Number
6480787000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$51,300
Current Approval
$51,300
Forgiveness Amount
$51,631
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Downtown Tire & Auto INC
Address
320 Vermillion St
ZIP Code
55033-1237
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (811111)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$45,444
Rent
$4,400
Utilities
$1,456

Lender Information

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

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