PPP Loan information for Branch manufacturing company inc

$499,300

Branch manufacturing company inc was initially approved for PPP Loan of amount $499,300, the current approved amount is $499,300. The loan was approved on 04/09/2020 by The Bremer Bank, National Association reported 41 jobs and $499,300 was used to fund payroll.

Branch manufacturing company inc is Existing or more than 2 years old

PPP Loan Search / MN / NORTH BRANCH / Branch manufacturing company inc

BRANCH MANUFACTURING COMPANY INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BRANCH MANUFACTURING COMPANY INC

Borrower Address

6420 Pine Street PO Box 68

Borrower City

NORTH BRANCH

Borrower State

MN

Borrower Zip

55056-5108

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

499300.00

Current Approval Amount

499300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORTH BRANCH

Project County Name

CHISAGO

Project State

MN

Project Zip

55056-5108

CD

MN-08

Jobs Reported

41

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

499300.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

503622.71

Forgiveness Date

02/25/2021

;