PPP Loan information for Interstate improvement

$1,780,577

Interstate improvement was initially approved for PPP Loan of amount $1,780,577, the current approved amount is $1,780,577. The loan was approved on 01/28/2021 by The Merchants Bank, National Association reported 68 jobs and $1,780,577 was used to fund payroll.

Interstate improvement is Existing or more than 2 years old

PPP Loan Search / MN / Faribault / Interstate improvement

INTERSTATE IMPROVEMENT

Date Approved

01/28/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

INTERSTATE IMPROVEMENT

Borrower Address

16871 Canby Ave

Borrower City

Faribault

Borrower State

MN

Borrower Zip

55021-8553

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1780577.00

Current Approval Amount

1780577.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Faribault

Project County Name

RICE

Project State

MN

Project Zip

55021-8553

CD

MN-01

Jobs Reported

68

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1780574.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1790815.32

Forgiveness Date

09/01/2021

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