PPP Loan information for Mears electric inc.

$51,300

Mears electric inc. was initially approved for PPP Loan of amount $51,300, the current approved amount is $51,300. The loan was approved on 04/15/2020 by The Minnwest Bank reported 8 jobs and $51,300 was used to fund payroll.

Mears electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / SLAYTON / Mears electric inc.

MEARS ELECTRIC INC.

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MEARS ELECTRIC INC.

Borrower Address

76 PLEASANT VIEW RD

Borrower City

SLAYTON

Borrower State

MN

Borrower Zip

56172-1933

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51300.00

Current Approval Amount

51300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36636

Servicing Lender Name

Minnwest Bank

Servicing Lender Address

300 S Washington St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SLAYTON

Project County Name

MURRAY

Project State

MN

Project Zip

56172-1933

CD

MN-07

Jobs Reported

8

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

51300.00

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

36636

Originating Lender

Minnwest Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

51661.21

Forgiveness Date

01/06/2021

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