PPP Loan information for Jai jalaram inc

$34,400

Jai jalaram inc was initially approved for PPP Loan of amount $34,400, the current approved amount is $34,400. The loan was approved on 04/16/2020 by The Magnifi Financial CU reported 11 jobs and $34,400 was used to fund payroll.

Jai jalaram inc is Existing or more than 2 years old

PPP Loan Search / MN / MONTICELLO / Jai jalaram inc

JAI JALARAM INC

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

JAI JALARAM INC

Borrower Address

1114 CEDAR ST

Borrower City

MONTICELLO

Borrower State

MN

Borrower Zip

55362-8911

Loan Status Date

03/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

34400.00

Current Approval Amount

34400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONTICELLO

Project County Name

WRIGHT

Project State

MN

Project Zip

55362-8911

CD

MN-06

Jobs Reported

11

NAICS Code

721110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3000.00

Payroll Proceed

28400.00

Mortgage Interest Proceed

3000.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

24555.76

Forgiveness Date

12/14/2020

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