PPP Loan information for Munson electric inc

$118,847

Munson electric inc was initially approved for PPP Loan of amount $118,847, the current approved amount is $118,847. The loan was approved on 01/26/2021 by The First Farmers & Merchants Bank reported 6 jobs and $118,847 was used to fund payroll.

Munson electric inc is Existing or more than 2 years old

PPP Loan Search / MN / Red Wing / Munson electric inc

MUNSON ELECTRIC INC

Date Approved

01/26/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MUNSON ELECTRIC INC

Borrower Address

1617 Hay Creek Valley Rd

Borrower City

Red Wing

Borrower State

MN

Borrower Zip

55066-4924

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

118847.00

Current Approval Amount

118847.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39034

Servicing Lender Name

First Farmers & Merchants Bank

Servicing Lender Address

920 4th St South

Servicing Lender City

CANNON FALLS

Servicing Lender State

MN

Servicing Lender Zip

55009-2552

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Red Wing

Project County Name

GOODHUE

Project State

MN

Project Zip

55066-4924

CD

MN-01

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

118844.00

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

39034

Originating Lender

First Farmers & Merchants Bank

Originating Lender City

CANNON FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

119741.65

Forgiveness Date

10/27/2021

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