PPP Loan information for Community electric inc.

$281,879

Community electric inc. was initially approved for PPP Loan of amount $281,879, the current approved amount is $281,879. The loan was approved on 03/16/2021 by The Citizens Alliance Bank reported 19 jobs and $281,879 was used to fund payroll.

Community electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / Renville / Community electric inc.

COMMUNITY ELECTRIC INC.

Date Approved

03/16/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

COMMUNITY ELECTRIC INC.

Borrower Address

222 N Main St

Borrower City

Renville

Borrower State

MN

Borrower Zip

56284-5006

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

281878.93

Current Approval Amount

281878.93

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36731

Servicing Lender Name

Citizens Alliance Bank

Servicing Lender Address

55 1st St NW

Servicing Lender City

CLARA CITY

Servicing Lender State

MN

Servicing Lender Zip

56222-1271

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Renville

Project County Name

RENVILLE

Project State

MN

Project Zip

56284-5006

CD

MN-07

Jobs Reported

19

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

281878.93

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

36731

Originating Lender

Citizens Alliance Bank

Originating Lender City

CLARA CITY

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

283747.83

Forgiveness Date

11/22/2021

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