PPP Loan information for Electrical power solutions, inc

$233,776

Electrical power solutions, inc was initially approved for PPP Loan of amount $233,776, the current approved amount is $233,776. The loan was approved on 04/07/2020 by The Fidelity Bank reported 17 jobs and $233,776 was used to fund payroll.

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

PPP Loan Search / MN / BRAINERD / Electrical power solutions, inc

ELECTRICAL POWER SOLUTIONS, INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ELECTRICAL POWER SOLUTIONS, INC

Borrower Address

15229 Edgewood Dr Suite 105

Borrower City

BRAINERD

Borrower State

MN

Borrower Zip

56401-6831

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

233776.00

Current Approval Amount

233776.00

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

BRAINERD

Project County Name

CROW WING

Project State

MN

Project Zip

56401-6831

CD

MN-08

Jobs Reported

17

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

174.00

Payroll Proceed

229996.00

Mortgage Interest Proceed

0.00

Rent Proceed

3606.00

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

236100.77

Forgiveness Date

04/12/2021

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