PPP Loan information for Franklin welding and repair

$20,800

Franklin welding and repair was initially approved for PPP Loan of amount $20,800, the current approved amount is $20,800. The loan was approved on 05/14/2020 by The Merchants Bank, National Association reported 1 jobs and $20,800 was used to fund payroll.

Franklin welding and repair is Unanswered

FRANKLIN WELDING AND REPAIR

Date Approved

05/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FRANKLIN WELDING AND REPAIR

Borrower Address

4929 420TH STREET WAY

Borrower City

KENYON

Borrower State

MN

Borrower Zip

55946-3207

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

20800.00

Current Approval Amount

20800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Unanswered

Project City

KENYON

Project County Name

GOODHUE

Project State

MN

Project Zip

55946-3207

CD

MN-01

Jobs Reported

1

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

700.00

Payroll Proceed

19500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

600

Business Type

Sole Proprietorship

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

20934.62

Forgiveness Date

01/07/2021

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