PPP Loan information for Functional industries inc

$570,900

Functional industries inc was initially approved for PPP Loan of amount $570,900, the current approved amount is $570,900. The loan was approved on 01/21/2021 by The CorTrust Bank National Association reported 102 jobs and $570,900 was used to fund payroll.

Functional industries inc is Existing or more than 2 years old

PPP Loan Search / MN / Buffalo / Functional industries inc

FUNCTIONAL INDUSTRIES INC

Date Approved

01/21/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

FUNCTIONAL INDUSTRIES INC

Borrower Address

1803 Highway 25 N

Borrower City

Buffalo

Borrower State

MN

Borrower Zip

55313

Loan Status Date

09/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

570900.00

Current Approval Amount

570900.00

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

N

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

CD

MN-06

Jobs Reported

102

NAICS Code

624310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

570898.00

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

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

573809.24

Forgiveness Date

08/03/2021

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