PPP Loan information for Groth industries inc

$127,800

Groth industries inc was initially approved for PPP Loan of amount $127,800, the current approved amount is $127,800. The loan was approved on 02/05/2021 by The Alerus Financial, National Association reported 12 jobs and $127,800 was used to fund payroll.

Groth industries inc is Existing or more than 2 years old

PPP Loan Search / MN / Crystal / Groth industries inc

GROTH INDUSTRIES INC

Date Approved

02/05/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

GROTH INDUSTRIES INC

Borrower Address

5273 Hanson Ct N

Borrower City

Crystal

Borrower State

MN

Borrower Zip

55429-3110

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

127800.00

Current Approval Amount

127800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Crystal

Project County Name

HENNEPIN

Project State

MN

Project Zip

55429-3110

CD

MN-05

Jobs Reported

12

NAICS Code

332710

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

127796.00

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

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

128865.00

Forgiveness Date

12/07/2021

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