PPP Loan information for Geargrid, llc

$355,546

Geargrid, llc was initially approved for PPP Loan of amount $355,546, the current approved amount is $355,546. The loan was approved on 04/05/2020 by The Fidelity Bank reported 30 jobs and $355,546 was used to fund payroll.

Geargrid, llc is Existing or more than 2 years old

PPP Loan Search / MN / FOREST LAKE / Geargrid, llc

GEARGRID, LLC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GEARGRID, LLC

Borrower Address

670 15TH ST SW

Borrower City

FOREST LAKE

Borrower State

MN

Borrower Zip

55025-1309

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

355546.00

Current Approval Amount

355546.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38024

Servicing Lender Name

Fidelity Bank

Servicing Lender Address

7600 Parklawn Ave

Servicing Lender City

EDINA

Servicing Lender State

MN

Servicing Lender Zip

55435-5125

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FOREST LAKE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55025-1309

CD

MN-08

Jobs Reported

30

NAICS Code

332618

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

14528.00

Payroll Proceed

297018.00

Mortgage Interest Proceed

0.00

Rent Proceed

44000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38024

Originating Lender

Fidelity Bank

Originating Lender City

EDINA

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

358044.70

Forgiveness Date

12/28/2020

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