PPP Loan information for Midwest ag electric inc

$562,700

Midwest ag electric inc was initially approved for PPP Loan of amount $562,700, the current approved amount is $562,700. The loan was approved on 04/07/2020 by The Manufacturers Bank & Trust Company reported 44 jobs and $562,700 was used to fund payroll.

Midwest ag electric inc is Existing or more than 2 years old

PPP Loan Search / MN / ALBERT LEA / Midwest ag electric inc

MIDWEST AG ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDWEST AG ELECTRIC INC

Borrower Address

721 W CLARK ST STE 11

Borrower City

ALBERT LEA

Borrower State

MN

Borrower Zip

56007-1757

Loan Status Date

03/01/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

562700.00

Current Approval Amount

562700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25006

Servicing Lender Name

Manufacturers Bank & Trust Company

Servicing Lender Address

245 E 'J' St

Servicing Lender City

FOREST CITY

Servicing Lender State

IA

Servicing Lender Zip

50436

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALBERT LEA

Project County Name

FREEBORN

Project State

MN

Project Zip

56007-1757

CD

MN-01

Jobs Reported

44

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

70337.00

Payroll Proceed

422025.00

Mortgage Interest Proceed

0.00

Rent Proceed

70338.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25006

Originating Lender

Manufacturers Bank & Trust Company

Originating Lender City

FOREST CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

568373.89

Forgiveness Date

04/13/2021

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