PPP Loan information for Formula corporation

$152,120

Formula corporation was initially approved for PPP Loan of amount $152,120, the current approved amount is $152,120. The loan was approved on 04/24/2021 by The Vermillion State Bank reported 12 jobs and $152,120 was used to fund payroll.

Formula corporation is Existing or more than 2 years old

PPP Loan Search / MN / Eagan / Formula corporation

FORMULA CORPORATION

Date Approved

04/24/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FORMULA CORPORATION

Borrower Address

2919 Eagandale Blvd Ste 120

Borrower City

Eagan

Borrower State

MN

Borrower Zip

55121-1214

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

152120.00

Current Approval Amount

152120.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38967

Servicing Lender Name

Vermillion State Bank

Servicing Lender Address

107 E Main St

Servicing Lender City

VERMILLION

Servicing Lender State

MN

Servicing Lender Zip

55085

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Eagan

Project County Name

DAKOTA

Project State

MN

Project Zip

55121-1214

CD

MN-02

Jobs Reported

12

NAICS Code

524292

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

152120.00

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

Subchapter S Corporation

Originating Lender Location Id

38967

Originating Lender

Vermillion State Bank

Originating Lender City

VERMILLION

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

152508.75

Forgiveness Date

07/30/2021

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