PPP Loan information for Nortech inc

$420,800

Nortech inc was initially approved for PPP Loan of amount $420,800, the current approved amount is $420,800. The loan was approved on 04/04/2020 by The Mt. McKinley Bank reported 22 jobs and $420,800 was used to fund payroll.

Nortech inc is Existing or more than 2 years old

PPP Loan Search / AK / FAIRBANKS / Nortech inc

NORTECH INC

Date Approved

04/04/2020

SBA Office Code

1084

Processing Method

PPP

Borrower Name

NORTECH INC

Borrower Address

2400 College Road

Borrower City

FAIRBANKS

Borrower State

AK

Borrower Zip

99709-3754

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

420800.00

Current Approval Amount

420800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3498

Servicing Lender Name

Mt. McKinley Bank

Servicing Lender Address

500 Fourth Ave

Servicing Lender City

FAIRBANKS

Servicing Lender State

AK

Servicing Lender Zip

99701-4714

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRBANKS

Project County Name

FAIRBANKS NORTH STAR

Project State

AK

Project Zip

99709-3754

CD

AK-

Jobs Reported

22

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

420800.00

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

3498

Originating Lender

Mt. McKinley Bank

Originating Lender City

FAIRBANKS

Originating Lender State

AK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

358432.90

Forgiveness Date

11/10/2020

;