PPP Loan information for K & w electric, inc

$45,200

K & w electric, inc was initially approved for PPP Loan of amount $45,200, the current approved amount is $45,200. The loan was approved on 04/05/2020 by The First Farmers & Merchants National Bank reported 4 jobs and $45,200 was used to fund payroll.

K & w electric, inc is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / K & w electric, inc

K & W ELECTRIC, INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

K & W ELECTRIC, INC

Borrower Address

800 ARMSTRONG DR

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-1484

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45200.00

Current Approval Amount

45200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116933

Servicing Lender Name

First Farmers & Merchants National Bank

Servicing Lender Address

114 S Park St

Servicing Lender City

FAIRMONT

Servicing Lender State

MN

Servicing Lender Zip

56031-2863

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-1484

CD

MN-01

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3300.00

Payroll Proceed

33900.00

Mortgage Interest Proceed

4000.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

116933

Originating Lender

First Farmers & Merchants National Bank

Originating Lender City

FAIRMONT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

45533.98

Forgiveness Date

01/06/2021

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