PPP Loan information for Brake metal inc

$43,100

Brake metal inc was initially approved for PPP Loan of amount $43,100, the current approved amount is $43,100. The loan was approved on 04/28/2020 by The MidWestOne Bank reported 3 jobs and $43,100 was used to fund payroll.

Brake metal inc is New Business or 2 years or less

PPP Loan Search / MN / Fridley / Brake metal inc

BRAKE METAL INC

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BRAKE METAL INC

Borrower Address

251 Commerce Circle S

Borrower City

Fridley

Borrower State

MN

Borrower Zip

55432

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

43100.00

Current Approval Amount

43100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Fridley

Project County Name

ANOKA

Project State

MN

Project Zip

55432-0001

CD

MN-05

Jobs Reported

3

NAICS Code

333511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

43100.00

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

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

43818.33

Forgiveness Date

01/04/2022

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