PPP Loan information for Herman manufacturing co

$340,000

Herman manufacturing co was initially approved for PPP Loan of amount $340,000, the current approved amount is $340,000. The loan was approved on 04/10/2020 by The Palo Savings Bank reported 44 jobs and $340,000 was used to fund payroll.

Herman manufacturing co is Existing or more than 2 years old

PPP Loan Search / MN / WELLS / Herman manufacturing co

HERMAN MANUFACTURING CO

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HERMAN MANUFACTURING CO

Borrower Address

650 3RD ST NW

Borrower City

WELLS

Borrower State

MN

Borrower Zip

56097-2000

Loan Status Date

10/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

340000.00

Current Approval Amount

340000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25368

Servicing Lender Name

Palo Savings Bank

Servicing Lender Address

2801 Hollenbeck Rd

Servicing Lender City

PALO

Servicing Lender State

IA

Servicing Lender Zip

52324

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WELLS

Project County Name

FARIBAULT

Project State

MN

Project Zip

56097-2000

CD

MN-01

Jobs Reported

44

NAICS Code

333249

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

340000.00

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

25368

Originating Lender

Palo Savings Bank

Originating Lender City

PALO

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

344732.05

Forgiveness Date

09/13/2021

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