PPP Loan information for Karl manufacturing solutions, inc

$676,800

Karl manufacturing solutions, inc was initially approved for PPP Loan of amount $676,800, the current approved amount is $676,800. The loan was approved on 04/11/2020 by The Alerus Financial, National Association reported 64 jobs and $676,800 was used to fund payroll.

Karl manufacturing solutions, inc is Existing or more than 2 years old

PPP Loan Search / MN / ROSEAU / Karl manufacturing solutions, inc

KARL MANUFACTURING SOLUTIONS, INC

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

KARL MANUFACTURING SOLUTIONS, INC

Borrower Address

1084 Center St. W

Borrower City

ROSEAU

Borrower State

MN

Borrower Zip

56751-1650

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

676800.00

Current Approval Amount

676800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROSEAU

Project County Name

ROSEAU

Project State

MN

Project Zip

56751-1650

CD

MN-07

Jobs Reported

64

NAICS Code

323111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

84513.00

Payroll Proceed

507675.00

Mortgage Interest Proceed

84612.00

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

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

671245.33

Forgiveness Date

12/17/2020

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