PPP Loan information for Avon electric services, inc.

$200,000

Avon electric services, inc. was initially approved for PPP Loan of amount $200,000, the current approved amount is $200,000. The loan was approved on 05/07/2020 by The Magnifi Financial CU reported 10 jobs and $200,000 was used to fund payroll.

Avon electric services, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Avon / Avon electric services, inc.

AVON ELECTRIC SERVICES, INC.

Date Approved

05/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AVON ELECTRIC SERVICES, INC.

Borrower Address

300 Avon Ave South

Borrower City

Avon

Borrower State

MN

Borrower Zip

56310

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

200000.00

Current Approval Amount

200000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Avon

Project County Name

STEARNS

Project State

MN

Project Zip

56310-0001

CD

MN-07

Jobs Reported

10

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

200000.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

201156.16

Forgiveness Date

12/10/2020

;