PPP Loan information for Jim's electric service

$77,200

Jim's electric service was initially approved for PPP Loan of amount $77,200, the current approved amount is $77,200. The loan was approved on 04/08/2020 by The Freeport State Bank reported 4 jobs and $77,200 was used to fund payroll.

Jim's electric service is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Jim's electric service

JIM'S ELECTRIC SERVICE

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

JIM'S ELECTRIC SERVICE

Borrower Address

32666 STATE HIGHWAY 4

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-8117

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

77200.00

Current Approval Amount

77200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38095

Servicing Lender Name

Freeport State Bank

Servicing Lender Address

111 Main St East

Servicing Lender City

FREEPORT

Servicing Lender State

MN

Servicing Lender Zip

56331

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-8117

CD

MN-07

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2500.00

Payroll Proceed

70200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

4500.00

Debt Interest Proceed

0

Business Type

Sole Proprietorship

Originating Lender Location Id

38095

Originating Lender

Freeport State Bank

Originating Lender City

FREEPORT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

77745.69

Forgiveness Date

12/30/2020

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