PPP Loan information for Kern electronics and lasers, inc.

$487,700

Kern electronics and lasers, inc. was initially approved for PPP Loan of amount $487,700, the current approved amount is $487,700. The loan was approved on 04/06/2020 by The Bell Bank reported 32 jobs and $487,700 was used to fund payroll.

Kern electronics and lasers, inc. is Existing or more than 2 years old

PPP Loan Search / MN / WADENA / Kern electronics and lasers, inc.

KERN ELECTRONICS AND LASERS, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

KERN ELECTRONICS AND LASERS, INC.

Borrower Address

1501 INDUSTRIAL DR

Borrower City

WADENA

Borrower State

MN

Borrower Zip

56482-2500

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

487700.00

Current Approval Amount

487700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WADENA

Project County Name

WADENA

Project State

MN

Project Zip

56482-2500

CD

MN-07

Jobs Reported

32

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

487700.00

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

Corporation

Originating Lender Location Id

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

490463.63

Forgiveness Date

11/05/2020

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