PPP Loan information for Damel corporation, inc.

$440,000

Damel corporation, inc. was initially approved for PPP Loan of amount $440,000, the current approved amount is $440,000. The loan was approved on 04/09/2020 by The Merchants Bank, National Association reported 29 jobs and $440,000 was used to fund payroll.

Damel corporation, inc. is Existing or more than 2 years old

PPP Loan Search / MN / AUSTIN / Damel corporation, inc.

DAMEL CORPORATION, INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DAMEL CORPORATION, INC.

Borrower Address

3608 4TH ST NW

Borrower City

AUSTIN

Borrower State

MN

Borrower Zip

55912-1211

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

440000.00

Current Approval Amount

440000.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUSTIN

Project County Name

MOWER

Project State

MN

Project Zip

55912-1211

CD

MN-01

Jobs Reported

29

NAICS Code

484220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1400.00

Payroll Proceed

427671.10

Mortgage Interest Proceed

0.00

Rent Proceed

10928.90

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

443507.78

Forgiveness Date

02/01/2021

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