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Motors-N-More INC

$59,700 PPP Loan in Brainerd, Minnesota

Loan Details

Loan Number
6967717003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$59,700
Current Approval
$59,700
Forgiveness Amount
$60,184
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Motors-N-More INC
Address
510 10th Ave NE
City
Brainerd
State
Minnesota
ZIP Code
56401-2867
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441120)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$47,900
Utilities
$6,400
Mortgage Interest
$5,400

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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