PPP Loan information for Adair electric company

$1,341,244

Adair electric company was initially approved for PPP Loan of amount $1,341,244, the current approved amount is $1,341,244. The loan was approved on 04/15/2021 by The Home Federal Savings Bank reported 100 jobs and $1,341,244 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

04/15/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ADAIR ELECTRIC COMPANY

Borrower Address

204 16th St SE

Borrower City

Rochester

Borrower State

MN

Borrower Zip

55904-7911

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1341244.00

Current Approval Amount

1341244.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81242

Servicing Lender Name

Home Federal Savings Bank

Servicing Lender Address

1016 Civic Center Dr NW

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55901-1881

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

55904-7911

CD

MN-01

Jobs Reported

100

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1341244.00

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

81242

Originating Lender

Home Federal Savings Bank

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1346050.12

Forgiveness Date

09/07/2021

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