PPP Loan information for Machine and process design

$305,000

Machine and process design was initially approved for PPP Loan of amount $305,000, the current approved amount is $305,000. The loan was approved on 04/10/2020 by The BankCherokee reported 20 jobs and $305,000 was used to fund payroll.

Machine and process design is Existing or more than 2 years old

PPP Loan Search / MN / ANOKA / Machine and process design

MACHINE AND PROCESS DESIGN

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MACHINE AND PROCESS DESIGN

Borrower Address

820 MCKINLEY ST

Borrower City

ANOKA

Borrower State

MN

Borrower Zip

55303-1162

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

305000.00

Current Approval Amount

305000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38841

Servicing Lender Name

BankCherokee

Servicing Lender Address

607 S Smith Ave

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55107-2617

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ANOKA

Project County Name

ANOKA

Project State

MN

Project Zip

55303-1162

CD

MN-03

Jobs Reported

20

NAICS Code

333241

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

305000.00

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

38841

Originating Lender

BankCherokee

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

307414.58

Forgiveness Date

01/28/2021

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