PPP Loan information for Loen electric inc.

$407,967

Loen electric inc. was initially approved for PPP Loan of amount $407,967, the current approved amount is $407,967. The loan was approved on 03/20/2021 by The Bremer Bank, National Association reported 27 jobs and $407,967 was used to fund payroll.

Loen electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / Benson / Loen electric inc.

LOEN ELECTRIC INC.

Date Approved

03/20/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LOEN ELECTRIC INC.

Borrower Address

2125 Minnesota Ave

Borrower City

Benson

Borrower State

MN

Borrower Zip

56215-2101

Loan Status Date

12/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

407967.00

Current Approval Amount

407967.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Benson

Project County Name

SWIFT

Project State

MN

Project Zip

56215-2101

CD

MN-07

Jobs Reported

27

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

407963.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

410660.70

Forgiveness Date

11/22/2021

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