As part of the Paycheck Protection Program PEN MOTORS INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

PEN MOTORS INC


Loan Amount	$930,007
BusinessName	PEN MOTORS INC
Address	4710 Miller Trunk Hwy
City	Duluth
State	MN
Zip	55811
NAICSCode	441110
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	86
DateApproved	04/09/2020
Lender	JPMorgan Chase Bank, National Association
CD	MN-08
BusinessName.clean	PEN MOTORS

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

PENLINK LTD
PENA KAHN P
PENAS DISPOSAL
PENASCO VALLEY TELEPHONE COOPERATIVE
PENAVA MECHNICAL CORP