Cormac, LLC
$512,700 PPP Loan in Hibbing, Minnesota
Loan Details
- Loan Number
- 7265697108
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $512,700
- Current Approval
- $512,700
- Forgiveness Amount
- $516,075
- Forgiveness Date
- Dec 9, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Cormac, LLC
- Address
- 1440 E 40th St
- City
- Hibbing
- State
- Minnesota
- ZIP Code
- 55746-3667
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Accommodation and Food Services (722513)
- Franchise
- Mcdonalds
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 233
- Estimated Revenue
- $41.4M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $410,194
- Utilities
- $20,000
- Mortgage Interest
- $82,506
Lender Information
- Servicing Lender
- Park State Bank
- Originating Lender
- Park State Bank
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