PPP Loan information for J.t. electric service, inc.

$517,500

J.t. electric service, inc. was initially approved for PPP Loan of amount $517,500, the current approved amount is $517,500. The loan was approved on 07/30/2020 by The Magnifi Financial CU reported 32 jobs and $517,500 was used to fund payroll.

J.t. electric service, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Albany / J.t. electric service, inc.

J.T. ELECTRIC SERVICE, INC.

Date Approved

07/30/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

J.T. ELECTRIC SERVICE, INC.

Borrower Address

111 Cty Rd 10

Borrower City

Albany

Borrower State

MN

Borrower Zip

56307

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

517500.00

Current Approval Amount

517500.00

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

Albany

Project County Name

STEARNS

Project State

MN

Project Zip

56307-0001

CD

MN-07

Jobs Reported

32

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

517500.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

521186.30

Forgiveness Date

04/22/2021

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