PPP Loan information for Carstens industries fiberglass manufacturing

$217,600

Carstens industries fiberglass manufacturing was initially approved for PPP Loan of amount $191,900, the current approved amount is $217,600. The loan was approved on 04/06/2020 by The Magnifi Financial CU reported 30 jobs and $217,600 was used to fund payroll.

Carstens industries fiberglass manufacturing is New Business or 2 years or less

PPP Loan Search / MN / MELROSE / Carstens industries fiberglass manufacturing

CARSTENS INDUSTRIES FIBERGLASS MANUFACTURING

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CARSTENS INDUSTRIES FIBERGLASS MANUFACTURING

Borrower Address

733 MAIN ST W

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-1001

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

191900.00

Current Approval Amount

217600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-1001

CD

MN-07

Jobs Reported

30

NAICS Code

326191

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

27900.00

Payroll Proceed

174125.00

Mortgage Interest Proceed

575.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

220354.28

Forgiveness Date

07/20/2021

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