PPP Loan information for Malstrom electric, inc.

$182,600

Malstrom electric, inc. was initially approved for PPP Loan of amount $182,600, the current approved amount is $182,600. The loan was approved on 04/05/2020 by The Bell Bank reported 15 jobs and $182,600 was used to fund payroll.

Malstrom electric, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Malstrom electric, inc.

MALSTROM ELECTRIC, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MALSTROM ELECTRIC, INC.

Borrower Address

12375 COUNTY HIGHWAY 17

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-7222

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

182600.00

Current Approval Amount

182600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-7222

CD

MN-07

Jobs Reported

15

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

182600.00

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

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

183959.36

Forgiveness Date

01/08/2021

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