PPP Loan information for Altec products inc.

$47,300

Altec products inc. was initially approved for PPP Loan of amount $47,300, the current approved amount is $47,300. The loan was approved on 04/28/2020 by The Drake Bank reported 4 jobs and $47,300 was used to fund payroll.

Altec products inc. is Existing or more than 2 years old

PPP Loan Search / MN / ANDOVER / Altec products inc.

ALTEC PRODUCTS INC.

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ALTEC PRODUCTS INC.

Borrower Address

14050 Lincoln St. NE Suit 200

Borrower City

ANDOVER

Borrower State

MN

Borrower Zip

55304

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

47300.00

Current Approval Amount

47300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

262368

Servicing Lender Name

Drake Bank

Servicing Lender Address

60 E Plato Blvd, Ste 100

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55107-1828

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANDOVER

Project County Name

ANOKA

Project State

MN

Project Zip

55304-0001

CD

MN-06

Jobs Reported

4

NAICS Code

336310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

47300.00

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

Subchapter S Corporation

Originating Lender Location Id

262368

Originating Lender

Drake Bank

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

47627.16

Forgiveness Date

01/20/2021

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