PPP Loan information for Design electronics, llc

$293,600

Design electronics, llc was initially approved for PPP Loan of amount $293,600, the current approved amount is $293,600. The loan was approved on 04/03/2020 by The Farmers and Merchants State Bank of Pierz reported 38 jobs and $293,600 was used to fund payroll.

Design electronics, llc is Existing or more than 2 years old

PPP Loan Search / MN / LITTLE FALLS / Design electronics, llc

DESIGN ELECTRONICS, LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DESIGN ELECTRONICS, LLC

Borrower Address

1614 1ST AVE

Borrower City

LITTLE FALLS

Borrower State

MN

Borrower Zip

56345-3306

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

293600.00

Current Approval Amount

293600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38741

Servicing Lender Name

Farmers and Merchants State Bank of Pierz

Servicing Lender Address

80 Main St

Servicing Lender City

PIERZ

Servicing Lender State

MN

Servicing Lender Zip

56364-4529

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LITTLE FALLS

Project County Name

MORRISON

Project State

MN

Project Zip

56345-3306

CD

MN-07

Jobs Reported

38

NAICS Code

443142

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

293600.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

38741

Originating Lender

Farmers and Merchants State Bank of Pierz

Originating Lender City

PIERZ

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

295280.04

Forgiveness Date

11/03/2020

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