PPP Loan information for New ulm steel & recycling inc

$102,700

New ulm steel & recycling inc was initially approved for PPP Loan of amount $102,700, the current approved amount is $102,700. The loan was approved on 04/03/2020 by The Bank Midwest reported 11 jobs and $102,700 was used to fund payroll.

New ulm steel & recycling inc is Existing or more than 2 years old

PPP Loan Search / MN / NEW ULM / New ulm steel & recycling inc

NEW ULM STEEL & RECYCLING INC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEW ULM STEEL & RECYCLING INC

Borrower Address

218 19TH ST S

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073-1171

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

102700.00

Current Approval Amount

102700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38258

Servicing Lender Name

Bank Midwest

Servicing Lender Address

1525 18th St

Servicing Lender City

SPIRIT LAKE

Servicing Lender State

IA

Servicing Lender Zip

51360-1023

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-1171

CD

MN-01

Jobs Reported

11

NAICS Code

332111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

102700.00

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

38258

Originating Lender

Bank Midwest

Originating Lender City

SPIRIT LAKE

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

103453.13

Forgiveness Date

01/07/2021

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