Date Approved
04/03/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
MELROSE ELECTRIC, INC
Borrower Address
119 8th Ave NW
Borrower City
MELROSE
Borrower State
MN
Borrower Zip
56352-1247
Loan Status Date
12/17/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
761700.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38095
Servicing Lender Name
Freeport State Bank
Servicing Lender Address
111 Main St East
Servicing Lender City
FREEPORT
Servicing Lender State
Servicing Lender Zip
56331
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
STEARNS
Project State
Project Zip
CD
MN-07
Jobs Reported
58
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1327.17
Payroll Proceed
741415.33
Mortgage Interest Proceed
Rent Proceed
8400.00
Refinance EIDL Proceed
Health Care Proceed
10557.50
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
765998.91
Forgiveness Date
11/03/2020