PPP Loan information for Niemela construction inc

$268,500

Niemela construction inc was initially approved for PPP Loan of amount $268,500, the current approved amount is $268,500. The loan was approved on 04/11/2020 by The Old National Bank reported 19 jobs and $268,500 was used to fund payroll.

Niemela construction inc is Existing or more than 2 years old

PPP Loan Search / MN / SAINT MICHAEL / Niemela construction inc

NIEMELA CONSTRUCTION INC

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NIEMELA CONSTRUCTION INC

Borrower Address

5765 QUAM AVE

Borrower City

SAINT MICHAEL

Borrower State

MN

Borrower Zip

55376

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

268500.00

Current Approval Amount

268500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT MICHAEL

Project County Name

WRIGHT

Project State

MN

Project Zip

55376-0001

CD

MN-06

Jobs Reported

19

NAICS Code

238350

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

268500.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

269919.74

Forgiveness Date

11/03/2020

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