PPP Loan information for Ideal industries, inc.

$196,200

Ideal industries, inc. was initially approved for PPP Loan of amount $196,200, the current approved amount is $196,200. The loan was approved on 04/09/2020 by The Woodlands National Bank reported 19 jobs and $196,200 was used to fund payroll.

Ideal industries, inc. is Existing or more than 2 years old

PPP Loan Search / MN / PRINCETON / Ideal industries, inc.

IDEAL INDUSTRIES, INC.

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

IDEAL INDUSTRIES, INC.

Borrower Address

7650 303RD AVE

Borrower City

PRINCETON

Borrower State

MN

Borrower Zip

55371-4600

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196200.00

Current Approval Amount

196200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38241

Servicing Lender Name

Woodlands National Bank

Servicing Lender Address

122 E Main St

Servicing Lender City

HINCKLEY

Servicing Lender State

MN

Servicing Lender Zip

55037

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PRINCETON

Project County Name

ISANTI

Project State

MN

Project Zip

55371-4600

CD

MN-08

Jobs Reported

19

NAICS Code

333517

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

196200.00

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

38241

Originating Lender

Woodlands National Bank

Originating Lender City

HINCKLEY

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

197709.65

Forgiveness Date

01/20/2021

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