PPP Loan information for Mrg tool & die corp

$828,807

Mrg tool & die corp was initially approved for PPP Loan of amount $828,807, the current approved amount is $828,807. The loan was approved on 03/12/2021 by The 1st United Bank reported 72 jobs and $828,807 was used to fund payroll.

Mrg tool & die corp is Existing or more than 2 years old

PPP Loan Search / MN / Faribault / Mrg tool & die corp

MRG TOOL & DIE CORP

Date Approved

03/12/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MRG TOOL & DIE CORP

Borrower Address

1100 Cannon Cir

Borrower City

Faribault

Borrower State

MN

Borrower Zip

55021-3619

Loan Status Date

10/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

828806.62

Current Approval Amount

828806.62

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88765

Servicing Lender Name

1st United Bank

Servicing Lender Address

430 NW Fourth St

Servicing Lender City

FARIBAULT

Servicing Lender State

MN

Servicing Lender Zip

55021-5031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Faribault

Project County Name

RICE

Project State

MN

Project Zip

55021-3619

CD

MN-01

Jobs Reported

72

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

828804.62

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

88765

Originating Lender

1st United Bank

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

833272.97

Forgiveness Date

09/29/2021

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