PPP Loan information for Gemko of forest lake inc

$335,200

Gemko of forest lake inc was initially approved for PPP Loan of amount $335,200, the current approved amount is $335,200. The loan was approved on 04/15/2020 by The MidCountry Bank reported 50 jobs and $335,200 was used to fund payroll.

Gemko of forest lake inc is Existing or more than 2 years old

PPP Loan Search / MN / FOREST LAKE / Gemko of forest lake inc

GEMKO OF FOREST LAKE INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GEMKO OF FOREST LAKE INC

Borrower Address

908 SW 15TH ST

Borrower City

FOREST LAKE

Borrower State

MN

Borrower Zip

55025-1315

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

335200.00

Current Approval Amount

335200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80291

Servicing Lender Name

MidCountry Bank

Servicing Lender Address

7825 Washington Ave South, Ste 120

Servicing Lender City

BLOOMINGTON

Servicing Lender State

MN

Servicing Lender Zip

55439-2431

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

55025-1315

CD

MN-08

Jobs Reported

50

NAICS Code

321999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16000.00

Payroll Proceed

278600.00

Mortgage Interest Proceed

0.00

Rent Proceed

27600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

9000.00

Debt Interest Proceed

4000

Business Type

Subchapter S Corporation

Originating Lender Location Id

80291

Originating Lender

MidCountry Bank

Originating Lender City

BLOOMINGTON

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

337771.40

Forgiveness Date

01/28/2021

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