PPP Loan information for Adair electric company

$1,720,500

Adair electric company was initially approved for PPP Loan of amount $1,720,500, the current approved amount is $1,720,500. The loan was approved on 04/11/2020 by The Bremer Bank, National Association reported 110 jobs and $1,720,500 was used to fund payroll.

Adair electric company is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Adair electric company

ADAIR ELECTRIC COMPANY

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ADAIR ELECTRIC COMPANY

Borrower Address

204 16th Street SE

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55904-4733

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1720500.00

Current Approval Amount

1720500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55904-4733

CD

MN-01

Jobs Reported

110

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1720500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1737327.90

Forgiveness Date

04/08/2021

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