PPP Loan information for Electro industries, inc.

$479,500

Electro industries, inc. was initially approved for PPP Loan of amount $479,500, the current approved amount is $479,500. The loan was approved on 04/04/2020 by The Sherburne State Bank reported 34 jobs and $479,500 was used to fund payroll.

Electro industries, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MONTICELLO / Electro industries, inc.

ELECTRO INDUSTRIES, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ELECTRO INDUSTRIES, INC.

Borrower Address

2150 W. River St.

Borrower City

MONTICELLO

Borrower State

MN

Borrower Zip

55362-4700

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

479500.00

Current Approval Amount

479500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38878

Servicing Lender Name

Sherburne State Bank

Servicing Lender Address

12500 Sherburne Ave

Servicing Lender City

BECKER

Servicing Lender State

MN

Servicing Lender Zip

55308

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTICELLO

Project County Name

WRIGHT

Project State

MN

Project Zip

55362-4700

CD

MN-06

Jobs Reported

34

NAICS Code

335311

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

479500.00

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

Corporation

Originating Lender Location Id

38878

Originating Lender

Sherburne State Bank

Originating Lender City

BECKER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

483509.15

Forgiveness Date

02/09/2021

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