PPP Loan information for General equipment co

$382,462

General equipment co was initially approved for PPP Loan of amount $382,462, the current approved amount is $382,462. The loan was approved on 04/16/2020 by The U.S. Bank, National Association reported 29 jobs and $382,462 was used to fund payroll.

General equipment co is Existing or more than 2 years old

GENERAL EQUIPMENT CO

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GENERAL EQUIPMENT CO

Borrower Address

620 Alexander Drive SW

Borrower City

OWATONNA

Borrower State

MN

Borrower Zip

55060

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

382462.00

Current Approval Amount

382462.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

OWATONNA

Project County Name

STEELE

Project State

MN

Project Zip

55060-0001

CD

MN-01

Jobs Reported

29

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

382462.00

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

Corporation

Originating Lender Location Id

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

387720.85

Forgiveness Date

09/02/2021

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