PPP Loan information for Nelson electric, inc.

$201,200

Nelson electric, inc. was initially approved for PPP Loan of amount $201,200, the current approved amount is $201,200. The loan was approved on 04/14/2020 by The Bridgewater Bank reported 10 jobs and $201,200 was used to fund payroll.

Nelson electric, inc. is Existing or more than 2 years old

PPP Loan Search / MN / BROOKLYN PARK / Nelson electric, inc.

NELSON ELECTRIC, INC.

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NELSON ELECTRIC, INC.

Borrower Address

7801 XYLON AVE N SUITE 300

Borrower City

BROOKLYN PARK

Borrower State

MN

Borrower Zip

55445-2569

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

201200.00

Current Approval Amount

201200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

436783

Servicing Lender Name

Bridgewater Bank

Servicing Lender Address

4450 Excelsior Blvd

Servicing Lender City

SAINT LOUIS PARK

Servicing Lender State

MN

Servicing Lender Zip

55416-5385

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BROOKLYN PARK

Project County Name

HENNEPIN

Project State

MN

Project Zip

55445-2569

CD

MN-03

Jobs Reported

10

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

201200.00

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

Corporation

Originating Lender Location Id

436783

Originating Lender

Bridgewater Bank

Originating Lender City

SAINT LOUIS PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

202258.37

Forgiveness Date

11/03/2020

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