PPP Loan information for Midwest electro tech corp

$713,800

Midwest electro tech corp was initially approved for PPP Loan of amount $713,800, the current approved amount is $713,800. The loan was approved on 04/07/2020 by The Royal Bank reported 59 jobs and $713,800 was used to fund payroll.

Midwest electro tech corp is Existing or more than 2 years old

PPP Loan Search / WI / HILLSBORO / Midwest electro tech corp

MIDWEST ELECTRO TECH CORP

Date Approved

04/07/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

MIDWEST ELECTRO TECH CORP

Borrower Address

102 Enterprise Drive

Borrower City

HILLSBORO

Borrower State

WI

Borrower Zip

54634-4403

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

713800.00

Current Approval Amount

713800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75799

Servicing Lender Name

Royal Bank

Servicing Lender Address

202 Main St

Servicing Lender City

ELROY

Servicing Lender State

WI

Servicing Lender Zip

53929-1252

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HILLSBORO

Project County Name

VERNON

Project State

WI

Project Zip

54634-4403

CD

WI-03

Jobs Reported

59

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2500.00

Payroll Proceed

698725.00

Mortgage Interest Proceed

12575.00

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

75799

Originating Lender

Royal Bank

Originating Lender City

ELROY

Originating Lender State

WI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

707866.40

Forgiveness Date

11/12/2020

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