PPP Loan information for Bermo, inc.

$1,999,900

Bermo, inc. was initially approved for PPP Loan of amount $1,999,900, the current approved amount is $1,999,900. The loan was approved on 04/05/2020 by The MidCountry Bank reported 148 jobs and $1,999,900 was used to fund payroll.

Bermo, inc. is Existing or more than 2 years old

PPP Loan Search / MN / CIRCLE PINES / Bermo, inc.

BERMO, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BERMO, INC.

Borrower Address

4501 BALL RD NE

Borrower City

CIRCLE PINES

Borrower State

MN

Borrower Zip

55014-1818

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1999900.00

Current Approval Amount

1999900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80291

Servicing Lender Name

MidCountry Bank

Servicing Lender Address

7825 Washington Ave South, Ste 120

Servicing Lender City

BLOOMINGTON

Servicing Lender State

MN

Servicing Lender Zip

55439-2431

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CIRCLE PINES

Project County Name

ANOKA

Project State

MN

Project Zip

55014-1818

CD

MN-06

Jobs Reported

148

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

85000.00

Payroll Proceed

1610900.00

Mortgage Interest Proceed

54000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

250000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

80291

Originating Lender

MidCountry Bank

Originating Lender City

BLOOMINGTON

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012173.36

Forgiveness Date

11/20/2020

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