PPP Loan information for Broadway welding, inc

$561,900

Broadway welding, inc was initially approved for PPP Loan of amount $561,900, the current approved amount is $561,900. The loan was approved on 04/04/2020 by The The First National Bank of Henning reported 49 jobs and $561,900 was used to fund payroll.

Broadway welding, inc is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Broadway welding, inc

BROADWAY WELDING, INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BROADWAY WELDING, INC

Borrower Address

1090 LEGION RD

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-4344

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

561900.00

Current Approval Amount

561900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38234

Servicing Lender Name

The First National Bank of Henning

Servicing Lender Address

106 State Hwy 78 North

Servicing Lender City

OTTERTAIL

Servicing Lender State

MN

Servicing Lender Zip

56571

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

56501-4344

CD

MN-07

Jobs Reported

49

NAICS Code

333992

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

32000.00

Payroll Proceed

471900.00

Mortgage Interest Proceed

0.00

Rent Proceed

32000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

26000

Business Type

Corporation

Originating Lender Location Id

38234

Originating Lender

The First National Bank of Henning

Originating Lender City

OTTERTAIL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

566332.77

Forgiveness Date

01/20/2021

;