Majestic Towing

$47,100 PPP Loan in Pine City, Minnesota

Loan Details

Loan Number
9704777110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$47,100
Current Approval
$47,100
Forgiveness Amount
$47,525
Forgiveness Date
Mar 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Majestic Towing
Address
56761 Forest Blvd
ZIP Code
55063
Business Type
Subchapter S Corporation
Industry (NAICS)
Transportation and Warehousing (488410)
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
$35,325
Rent
$2,944
Utilities
$2,944
Mortgage Interest
$2,944
Refinance EIDL
$2,944

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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