PPP Loan information for Northern industrial erectors inc.

$2,000,000

Northern industrial erectors inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 04/30/2021 by The Grand Rapids State Bank reported 27 jobs and $2,000,000 was used to fund payroll.

Northern industrial erectors inc. is Existing or more than 2 years old

PPP Loan Search / MN / Grand Rapids / Northern industrial erectors inc.

NORTHERN INDUSTRIAL ERECTORS INC.

Date Approved

04/30/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

NORTHERN INDUSTRIAL ERECTORS INC.

Borrower Address

2500 Glenwood Dr

Borrower City

Grand Rapids

Borrower State

MN

Borrower Zip

55744-3347

Loan Status Date

04/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38190

Servicing Lender Name

Grand Rapids State Bank

Servicing Lender Address

523 NW 1st Ave

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MN

Servicing Lender Zip

55744-2618

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

ITASCA

Project State

MN

Project Zip

55744-3347

CD

MN-08

Jobs Reported

27

NAICS Code

236210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

38190

Originating Lender

Grand Rapids State Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2017222.22

Forgiveness Date

03/11/2022

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