PPP Loan information for Industrial lubricant company

$937,800

Industrial lubricant company was initially approved for PPP Loan of amount $937,800, the current approved amount is $937,800. The loan was approved on 04/06/2020 by The Bremer Bank, National Association reported 62 jobs and $937,800 was used to fund payroll.

Industrial lubricant company is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Industrial lubricant company

INDUSTRIAL LUBRICANT COMPANY

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

INDUSTRIAL LUBRICANT COMPANY

Borrower Address

PO Box 70

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

937800.00

Current Approval Amount

937800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-0001

CD

MN-08

Jobs Reported

62

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

937800.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

945122.55

Forgiveness Date

01/20/2021

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