PPP Loan information for Morreim drainage, inc.

$92,309

Morreim drainage, inc. was initially approved for PPP Loan of amount $92,309, the current approved amount is $92,309. The loan was approved on 04/15/2020 by The Arcadian Bank reported 8 jobs and $92,309 was used to fund payroll.

Morreim drainage, inc. is Existing or more than 2 years old

PPP Loan Search / MN / ALBERT LEA / Morreim drainage, inc.

MORREIM DRAINAGE, INC.

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MORREIM DRAINAGE, INC.

Borrower Address

71610 263RD ST

Borrower City

ALBERT LEA

Borrower State

MN

Borrower Zip

56007-6019

Loan Status Date

03/03/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

92309.00

Current Approval Amount

92309.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38215

Servicing Lender Name

Arcadian Bank

Servicing Lender Address

601 N Broadway

Servicing Lender City

HARTLAND

Servicing Lender State

MN

Servicing Lender Zip

56042-9782

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBERT LEA

Project County Name

FREEBORN

Project State

MN

Project Zip

56007-6019

CD

MN-01

Jobs Reported

8

NAICS Code

238990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

88309.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

2000

Business Type

Corporation

Originating Lender Location Id

38215

Originating Lender

Arcadian Bank

Originating Lender City

HARTLAND

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

92880.56

Forgiveness Date

12/10/2020

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