PPP Loan information for Functional industries

$556,600

Functional industries was initially approved for PPP Loan of amount $556,600, the current approved amount is $556,600. The loan was approved on 04/04/2020 by The CorTrust Bank National Association reported 87 jobs and $556,600 was used to fund payroll.

Functional industries is Existing or more than 2 years old

PPP Loan Search / MN / BUFFALO / Functional industries

FUNCTIONAL INDUSTRIES

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FUNCTIONAL INDUSTRIES

Borrower Address

1801 MN-25

Borrower City

BUFFALO

Borrower State

MN

Borrower Zip

55313-0336

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

556600.00

Current Approval Amount

556600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BUFFALO

Project County Name

WRIGHT

Project State

MN

Project Zip

55313-0336

CD

MN-06

Jobs Reported

87

NAICS Code

813219

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

556600.00

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

Non-Profit Organization

Originating Lender Location Id

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Y

Forgiveness Amount

559741.36

Forgiveness Date

11/03/2020

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