PPP Loan information for Merkel electric, inc

$36,500

Merkel electric, inc was initially approved for PPP Loan of amount $36,500, the current approved amount is $36,500. The loan was approved on 04/08/2020 by The CorTrust Bank National Association reported 4 jobs and $36,500 was used to fund payroll.

Merkel electric, inc is Existing or more than 2 years old

PPP Loan Search / SD / YANKTON / Merkel electric, inc

MERKEL ELECTRIC, INC

Date Approved

04/08/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

MERKEL ELECTRIC, INC

Borrower Address

500 W 12TH ST

Borrower City

YANKTON

Borrower State

SD

Borrower Zip

57078-2810

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

36500.00

Current Approval Amount

36500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

YANKTON

Project County Name

YANKTON

Project State

SD

Project Zip

57078-2810

CD

SD-

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4562.50

Payroll Proceed

27375.00

Mortgage Interest Proceed

4562.50

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

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

36708.00

Forgiveness Date

11/05/2020

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