PPP Loan information for New line mechanical inc

$1,051,400

New line mechanical inc was initially approved for PPP Loan of amount $1,051,400, the current approved amount is $1,051,400. The loan was approved on 01/29/2021 by The Think Mutual Bank reported 50 jobs and $1,051,400 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

01/29/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

NEW LINE MECHANICAL INC

Borrower Address

1527 Voll Dr NW

Borrower City

Byron

Borrower State

MN

Borrower Zip

55920-1579

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1051400.00

Current Approval Amount

1051400.00

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

1.00

Payroll Proceed

1051398.00

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

1056540.18

Forgiveness Date

08/04/2021

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