Date Approved
04/28/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
MAJERUS ELECTRIC, LLC
Borrower Address
715 S 7th St.
Borrower City
LAKE CITY
Borrower State
MN
Borrower Zip
55041
Loan Status Date
01/14/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
4600.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38294
Servicing Lender Name
Alliance Bank
Servicing Lender Address
105 E Lyon Ave
Servicing Lender City
Servicing Lender State
Servicing Lender Zip
55041-1013
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
New Business or 2 years or less
Project City
Project County Name
WABASHA
Project State
Project Zip
55041-0001
CD
MN-01
Jobs Reported
2
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
4627.86
Forgiveness Date
12/10/2020