PPP Loan information for Cedar lake electric, inc.

$575,000

Cedar lake electric, inc. was initially approved for PPP Loan of amount $575,000, the current approved amount is $575,000. The loan was approved on 04/10/2020 by The Merchants Bank, National Association reported 32 jobs and $575,000 was used to fund payroll.

Cedar lake electric, inc. is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Cedar lake electric, inc.

CEDAR LAKE ELECTRIC, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CEDAR LAKE ELECTRIC, INC.

Borrower Address

20700 BAGLEY AVE

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-7836

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

575000.00

Current Approval Amount

575000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-7836

CD

MN-01

Jobs Reported

32

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

575000.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

578689.58

Forgiveness Date

12/04/2020

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