PPP Loan information for Cordem corporation

$40,000

Cordem corporation was initially approved for PPP Loan of amount $40,000, the current approved amount is $40,000. The loan was approved on 04/08/2020 by The Lake Community Bank reported 5 jobs and $40,000 was used to fund payroll.

Cordem corporation is Existing or more than 2 years old

PPP Loan Search / MN / Chanhassen / Cordem corporation

CORDEM CORPORATION

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CORDEM CORPORATION

Borrower Address

7860 Park Drive

Borrower City

Chanhassen

Borrower State

MN

Borrower Zip

55317-9500

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40000.00

Current Approval Amount

40000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38325

Servicing Lender Name

Lake Community Bank

Servicing Lender Address

1964 W Wayzata Blvd

Servicing Lender City

LONG LAKE

Servicing Lender State

MN

Servicing Lender Zip

55356-9494

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chanhassen

Project County Name

CARVER

Project State

MN

Project Zip

55317-9500

CD

MN-06

Jobs Reported

5

NAICS Code

441310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

32000.00

Mortgage Interest Proceed

0.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38325

Originating Lender

Lake Community Bank

Originating Lender City

LONG LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

40250.00

Forgiveness Date

11/27/2020

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