Date Approved
04/27/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
ENGEL METALLURGICAL LTD
Borrower Address
925 Industrial Dr South
Borrower City
SAUK RAPIDS
Borrower State
MN
Borrower Zip
56379
Loan Status Date
03/05/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
106300.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36772
Servicing Lender Name
Deerwood Bank
Servicing Lender Address
131 6th Ave South, Ste 100
Servicing Lender City
WAITE PARK
Servicing Lender State
Servicing Lender Zip
56387-1360
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BENTON
Project State
Project Zip
56379-0001
CD
MN-06
Jobs Reported
7
NAICS Code
541380
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
2500.00
Payroll Proceed
73800.00
Mortgage Interest Proceed
Rent Proceed
10000.00
Refinance EIDL Proceed
Health Care Proceed
20000.00
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
107117.92
Forgiveness Date
02/03/2021