PPP Loan information for Master electric co inc

$2,275,600

Master electric co inc was initially approved for PPP Loan of amount $2,275,600, the current approved amount is $2,275,600. The loan was approved on 04/11/2020 by The Old National Bank reported 106 jobs and $2,275,600 was used to fund payroll.

Master electric co inc is Existing or more than 2 years old

PPP Loan Search / MN / SAVAGE / Master electric co inc

MASTER ELECTRIC CO INC

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MASTER ELECTRIC CO INC

Borrower Address

8555 W 123RD ST

Borrower City

SAVAGE

Borrower State

MN

Borrower Zip

55378-1150

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2275600.00

Current Approval Amount

2275600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAVAGE

Project County Name

SCOTT

Project State

MN

Project Zip

55378-1150

CD

MN-02

Jobs Reported

106

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2275600.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2301473.26

Forgiveness Date

06/11/2021

;