PPP Loan information for Nordic electric of grand marais inc.

$42,000

Nordic electric of grand marais inc. was initially approved for PPP Loan of amount $42,000, the current approved amount is $42,000. The loan was approved on 03/15/2021 by The Grand Marais State Bank reported 4 jobs and $42,000 was used to fund payroll.

Nordic electric of grand marais inc. is Existing or more than 2 years old

PPP Loan Search / MN / Grand Marais / Nordic electric of grand marais inc.

NORDIC ELECTRIC OF GRAND MARAIS INC.

Date Approved

03/15/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

NORDIC ELECTRIC OF GRAND MARAIS INC.

Borrower Address

123 Cedar Grove Ln

Borrower City

Grand Marais

Borrower State

MN

Borrower Zip

55604-2337

Loan Status Date

08/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42000.00

Current Approval Amount

42000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38186

Servicing Lender Name

Grand Marais State Bank

Servicing Lender Address

211 E Hwy 61

Servicing Lender City

GRAND MARAIS

Servicing Lender State

MN

Servicing Lender Zip

55604-4403

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grand Marais

Project County Name

COOK

Project State

MN

Project Zip

55604-2337

CD

MN-08

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

41997.00

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

38186

Originating Lender

Grand Marais State Bank

Originating Lender City

GRAND MARAIS

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

42163.33

Forgiveness Date

08/04/2021

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