Date Approved
04/29/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
KRECH IRONWORKS INC
Borrower Address
6163 CAHILL AVE
Borrower City
INVER GROVE HEIGHTS
Borrower State
MN
Borrower Zip
55076-1525
Loan Status Date
06/22/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
40403.35
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36775
Servicing Lender Name
Minnesota Lakes Bank
Servicing Lender Address
710 Babcock Blvd East
Servicing Lender City
DELANO
Servicing Lender State
Servicing Lender Zip
55328-8602
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
DAKOTA
Project State
Project Zip
CD
MN-02
Jobs Reported
4
NAICS Code
238990
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
2000.00
Payroll Proceed
33903.35
Mortgage Interest Proceed
Rent Proceed
4500.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
40793.92
Forgiveness Date
04/22/2021