PPP Loan information for Karlen electric inc

$37,574

Karlen electric inc was initially approved for PPP Loan of amount $37,574, the current approved amount is $37,574. The loan was approved on 04/06/2020 by The BankNorth reported 4 jobs and $37,574 was used to fund payroll.

Karlen electric inc is New Business or 2 years or less

PPP Loan Search / SD / WARNER / Karlen electric inc

KARLEN ELECTRIC INC

Date Approved

04/06/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

KARLEN ELECTRIC INC

Borrower Address

233 Northrop lane

Borrower City

WARNER

Borrower State

SD

Borrower Zip

57479-7019

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

37574.00

Current Approval Amount

37574.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52663

Servicing Lender Name

BankNorth

Servicing Lender Address

340 Main St

Servicing Lender City

ARTHUR

Servicing Lender State

ND

Servicing Lender Zip

58006

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WARNER

Project County Name

BROWN

Project State

SD

Project Zip

57479-7019

CD

SD-

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

37574.00

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

52663

Originating Lender

BankNorth

Originating Lender City

ARTHUR

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

33782.90

Forgiveness Date

11/25/2020

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