PPP Loan information for Jim's electric co., inc.

$414,900

Jim's electric co., inc. was initially approved for PPP Loan of amount $414,900, the current approved amount is $414,900. The loan was approved on 04/03/2020 by The Mid Minnesota FCU reported 29 jobs and $414,900 was used to fund payroll.

Jim's electric co., inc. is Existing or more than 2 years old

PPP Loan Search / MN / BAXTER / Jim's electric co., inc.

JIM'S ELECTRIC CO., INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

JIM'S ELECTRIC CO., INC.

Borrower Address

8296 INDUSTRIAL PARK RD

Borrower City

BAXTER

Borrower State

MN

Borrower Zip

56425-8271

Loan Status Date

03/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

414900.00

Current Approval Amount

414900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99592

Servicing Lender Name

Mid Minnesota FCU

Servicing Lender Address

13283 Isle Dr

Servicing Lender City

BAXTER

Servicing Lender State

MN

Servicing Lender Zip

56425-8554

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BAXTER

Project County Name

CROW WING

Project State

MN

Project Zip

56425-8271

CD

MN-08

Jobs Reported

29

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4582.00

Payroll Proceed

361500.00

Mortgage Interest Proceed

2760.00

Rent Proceed

9700.00

Refinance EIDL Proceed

0.00

Health Care Proceed

32858.00

Debt Interest Proceed

3500

Business Type

Corporation

Originating Lender Location Id

99592

Originating Lender

Mid Minnesota FCU

Originating Lender City

BAXTER

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

417923.65

Forgiveness Date

12/31/2020

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