PPP Loan information for Midland equipment co

$101,315

Midland equipment co was initially approved for PPP Loan of amount $101,315, the current approved amount is $101,315. The loan was approved on 04/13/2020 by The Frandsen Bank & Trust reported 9 jobs and $101,315 was used to fund payroll.

Midland equipment co is Existing or more than 2 years old

PPP Loan Search / MN / LAKEVILLE / Midland equipment co

MIDLAND EQUIPMENT CO

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDLAND EQUIPMENT CO

Borrower Address

21980 Kenrick Ave

Borrower City

LAKEVILLE

Borrower State

MN

Borrower Zip

55044-9517

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

101315.00

Current Approval Amount

101315.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKEVILLE

Project County Name

DAKOTA

Project State

MN

Project Zip

55044-9517

CD

MN-02

Jobs Reported

9

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10131.50

Payroll Proceed

75986.25

Mortgage Interest Proceed

15197.25

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

102033.92

Forgiveness Date

01/07/2021

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