Date Approved
04/06/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
ELEMENT GROUP, INC.
Borrower Address
1502 South 14th Street
Borrower City
PRINCETON
Borrower State
MN
Borrower Zip
55371
Loan Status Date
12/17/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1237175.00
Current Approval Amount
1230552.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38689
Servicing Lender Name
Frandsen Bank & Trust
Servicing Lender Address
116 W Central St
Servicing Lender City
LONSDALE
Servicing Lender State
Servicing Lender Zip
55046-9626
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MILLE LACS
Project State
Project Zip
55371-0001
CD
MN-06
Jobs Reported
109
NAICS Code
333924
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
123717.00
Payroll Proceed
927882.00
Mortgage Interest Proceed
Rent Proceed
178953.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1237834.17
Forgiveness Date
11/17/2020