PPP Loan information for B & m electric inc

$85,000

B & m electric inc was initially approved for PPP Loan of amount $85,000, the current approved amount is $85,000. The loan was approved on 04/07/2020 by The Bell Bank reported 7 jobs and $85,000 was used to fund payroll.

B & m electric inc is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / B & m electric inc

B & M ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

B & M ELECTRIC INC

Borrower Address

30614 Sunset Rd

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-7509

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

85000.00

Current Approval Amount

85000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-7509

CD

MN-07

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

85000.00

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

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

85722.50

Forgiveness Date

02/22/2021

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