PPP Loan information for Hydrostat inc

$410,800

Hydrostat inc was initially approved for PPP Loan of amount $410,800, the current approved amount is $410,800. The loan was approved on 04/06/2020 by The Deerwood Bank reported 35 jobs and $410,800 was used to fund payroll.

Hydrostat inc is Existing or more than 2 years old

PPP Loan Search / MN / RICE / Hydrostat inc

HYDROSTAT INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HYDROSTAT INC

Borrower Address

330 1st Ave SE

Borrower City

RICE

Borrower State

MN

Borrower Zip

56367-8728

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

410800.00

Current Approval Amount

410800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RICE

Project County Name

BENTON

Project State

MN

Project Zip

56367-8728

CD

MN-06

Jobs Reported

35

NAICS Code

811310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

18000.00

Payroll Proceed

320800.00

Mortgage Interest Proceed

0.00

Rent Proceed

42000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

30000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

414040.76

Forgiveness Date

01/20/2021

;