PPP Loan information for Mountain manufacturing technologies, incorporated

$414,000

Mountain manufacturing technologies, incorporated was initially approved for PPP Loan of amount $414,000, the current approved amount is $414,000. The loan was approved on 04/09/2020 by The MidWestOne Bank reported 42 jobs and $414,000 was used to fund payroll.

Mountain manufacturing technologies, incorporated is Existing or more than 2 years old

MOUNTAIN MANUFACTURING TECHNOLOGIES, INCORPORATED

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MOUNTAIN MANUFACTURING TECHNOLOGIES, INCORPORATED

Borrower Address

400 Apollo Drive

Borrower City

CIRCLE PINES

Borrower State

MN

Borrower Zip

55014-3000

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

414000.00

Current Approval Amount

414000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CIRCLE PINES

Project County Name

ANOKA

Project State

MN

Project Zip

55014-3000

CD

MN-06

Jobs Reported

42

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

25875.00

Payroll Proceed

310500.00

Mortgage Interest Proceed

25875.00

Rent Proceed

25875.00

Refinance EIDL Proceed

0.00

Health Care Proceed

25875.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

417220.00

Forgiveness Date

01/20/2021

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