BROTHERS AUTO SALES INC (SD) - 2020 PPP Loan Borrower Profile (# 4830187010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BROTHERS AUTO SALES 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

4830187010

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$181,200

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$182,230.47

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

11,200

Payroll Proced

150,000

Rent Proceed

20,000

Lender

The First National Bank in Sioux Falls

Business Detail

Business Type

Subchapter S Corporation

NAICS

441120

Borrower Location

SIOUX FALLS, SD

Project Location

SIOUX FALLS, SD

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.