PPP Loan information for Industrial automation products, inc.

$250,000

Industrial automation products, inc. was initially approved for PPP Loan of amount $250,000, the current approved amount is $250,000. The loan was approved on 04/28/2020 by The 21st Century Bank reported 22 jobs and $250,000 was used to fund payroll.

Industrial automation products, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Blaine / Industrial automation products, inc.

INDUSTRIAL AUTOMATION PRODUCTS, INC.

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

INDUSTRIAL AUTOMATION PRODUCTS, INC.

Borrower Address

10045 DAVENPORT ST NE

Borrower City

Blaine

Borrower State

MN

Borrower Zip

55449-4424

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250000.00

Current Approval Amount

250000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36718

Servicing Lender Name

21st Century Bank

Servicing Lender Address

699 N Medina St

Servicing Lender City

LORETTO

Servicing Lender State

MN

Servicing Lender Zip

55357-9595

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Blaine

Project County Name

ANOKA

Project State

MN

Project Zip

55449-4424

CD

MN-06

Jobs Reported

22

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

250000.00

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

36718

Originating Lender

21st Century Bank

Originating Lender City

LORETTO

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

251250.00

Forgiveness Date

11/03/2020

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