PPP Loan information for Jit powder coating company

$552,400

Jit powder coating company was initially approved for PPP Loan of amount $552,400, the current approved amount is $552,400. The loan was approved on 04/04/2020 by The Deerwood Bank reported 59 jobs and $552,400 was used to fund payroll.

Jit powder coating company is Existing or more than 2 years old

PPP Loan Search / MN / FARMINGTON / Jit powder coating company

JIT POWDER COATING COMPANY

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

JIT POWDER COATING COMPANY

Borrower Address

21020 Eaton Ave.

Borrower City

FARMINGTON

Borrower State

MN

Borrower Zip

55024-8912

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

552400.00

Current Approval Amount

552400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON

Project County Name

DAKOTA

Project State

MN

Project Zip

55024-8912

CD

MN-02

Jobs Reported

59

NAICS Code

332812

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

41100.00

Payroll Proceed

440900.00

Mortgage Interest Proceed

0.00

Rent Proceed

36000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

29900.00

Debt Interest Proceed

4500

Business Type

Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

555576.30

Forgiveness Date

11/03/2020

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