PPP Loan information for Midwest automatic products inc

$155,300

Midwest automatic products inc was initially approved for PPP Loan of amount $155,300, the current approved amount is $155,300. The loan was approved on 04/09/2020 by The Magnifi Financial CU reported 16 jobs and $155,300 was used to fund payroll.

Midwest automatic products inc is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Midwest automatic products inc

MIDWEST AUTOMATIC PRODUCTS INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDWEST AUTOMATIC PRODUCTS INC

Borrower Address

15 5TH AVE NE

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-1037

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

155300.00

Current Approval Amount

155300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-1037

CD

MN-07

Jobs Reported

16

NAICS Code

336390

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

140300.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

156197.76

Forgiveness Date

11/12/2020

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