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Michels Trucking INC

$115,398 PPP Loan in Upsala, Minnesota

Loan Details

Loan Number
9059147007
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$115,398
Current Approval
$115,398
Forgiveness Amount
$116,884
Forgiveness Date
Aug 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michels Trucking INC
Address
119 1st Ave W
City
Upsala
State
Minnesota
ZIP Code
56384
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (484220)
Business Age
Existing or more than 2 years old
Jobs Reported
12
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$86,549
Rent
$19,772
Utilities
$1,610
Health Care
$6,593
Mortgage Interest
$874

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Stearns Bank National Association

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