PPP Loan information for New line mechanical inc.

$897,000

New line mechanical inc. was initially approved for PPP Loan of amount $897,000, the current approved amount is $897,000. The loan was approved on 04/03/2020 by The Think Mutual Bank reported 50 jobs and $897,000 was used to fund payroll.

New line mechanical inc. is Existing or more than 2 years old

PPP Loan Search / MN / BYRON / New line mechanical inc.

NEW LINE MECHANICAL INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEW LINE MECHANICAL INC.

Borrower Address

1527 VOLL DR

Borrower City

BYRON

Borrower State

MN

Borrower Zip

55920-1579

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

897000.00

Current Approval Amount

897000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99830

Servicing Lender Name

Think Mutual Bank

Servicing Lender Address

5200 Members Pkwy NW

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55901-8381

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BYRON

Project County Name

OLMSTED

Project State

MN

Project Zip

55920-1579

CD

MN-01

Jobs Reported

50

NAICS Code

238220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

897000.00

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

99830

Originating Lender

Think Mutual Bank

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

904176.00

Forgiveness Date

01/20/2021

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