PPP Loan information for Logic information systems inc.

$2,000,000

Logic information systems inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 05/13/2021 by The Sunrise Banks, National Association reported 88 jobs and $2,000,000 was used to fund payroll.

Logic information systems inc. is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Logic information systems inc.

LOGIC INFORMATION SYSTEMS INC.

Date Approved

05/13/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

LOGIC INFORMATION SYSTEMS INC.

Borrower Address

3800 American Blvd W Ste 1200

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55431-4427

Loan Status Date

09/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38858

Servicing Lender Name

Sunrise Banks, National Association

Servicing Lender Address

200 University Ave West

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55103-2074

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55431-4427

CD

MN-03

Jobs Reported

88

NAICS Code

541519

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

38858

Originating Lender

Sunrise Banks, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2024273.97

Forgiveness Date

08/05/2022

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