Msaxon, Inc.
$505,200 PPP Loan in Inver Grove Heights, Minnesota
Loan Details
- Loan Number
- 6546047005
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $505,200
- Current Approval
- $505,200
- Forgiveness Amount
- $509,522
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Msaxon, Inc.
- Address
- 1290 50th Street E.
- State
- Minnesota
- ZIP Code
- 55077-1285
- Business Type
- Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- Hyundai Motor America - Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 44
- Estimated Revenue
- $11.1M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $404,200
- Rent
- $34,000
- Utilities
- $12,000
- Health Care
- $30,000
- Debt Interest
- $25,000
Lender Information
- Servicing Lender
- Deerwood Bank
- Originating Lender
- Deerwood Bank
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