BMG INC. (SD) - 2020 PPP Loan Borrower Profile (# 1646177210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BMG INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in South Dakota.

Loan Detail

Loan Number

1646177210

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$16,300

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$16,438.1

Date Loan was Forgiven

Feb 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

500

Payroll Proced

13,100

Rent Proceed

2,700

Lender

Dacotah Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

721120

Borrower Location

WATERTOWN, SD

Project Location

WATERTOWN, SD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.