PPP Loan information for Electrical power solutions inc

$233,777

Electrical power solutions inc was initially approved for PPP Loan of amount $233,777, the current approved amount is $233,777. The loan was approved on 02/03/2021 by The Fidelity Bank reported 22 jobs and $233,777 was used to fund payroll.

Electrical power solutions inc is Existing or more than 2 years old

PPP Loan Search / MN / Baxter / Electrical power solutions inc

ELECTRICAL POWER SOLUTIONS INC

Date Approved

02/03/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ELECTRICAL POWER SOLUTIONS INC

Borrower Address

7658 Design Rd Ste 100

Borrower City

Baxter

Borrower State

MN

Borrower Zip

56425-8789

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

233776.60

Current Approval Amount

233776.60

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38024

Servicing Lender Name

Fidelity Bank

Servicing Lender Address

7600 Parklawn Ave

Servicing Lender City

EDINA

Servicing Lender State

MN

Servicing Lender Zip

55435-5125

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Baxter

Project County Name

CROW WING

Project State

MN

Project Zip

56425-8789

CD

MN-08

Jobs Reported

22

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

233773.60

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

38024

Originating Lender

Fidelity Bank

Originating Lender City

EDINA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

235737.73

Forgiveness Date

12/08/2021

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