PPP Loan information for Northern industrial tool corp.

$475,350

Northern industrial tool corp. was initially approved for PPP Loan of amount $475,350, the current approved amount is $475,350. The loan was approved on 04/13/2020 by The Highland Bank reported 16 jobs and $475,350 was used to fund payroll.

Northern industrial tool corp. is Existing or more than 2 years old

PPP Loan Search / MN / Blaine / Northern industrial tool corp.

NORTHERN INDUSTRIAL TOOL CORP.

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORTHERN INDUSTRIAL TOOL CORP.

Borrower Address

8685 Hastings St NE

Borrower City

Blaine

Borrower State

MN

Borrower Zip

55449-4249

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

475350.00

Current Approval Amount

475350.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38837

Servicing Lender Name

Highland Bank

Servicing Lender Address

113 Central Ave East

Servicing Lender City

St. Michael

Servicing Lender State

MN

Servicing Lender Zip

55376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Blaine

Project County Name

ANOKA

Project State

MN

Project Zip

55449-4249

CD

MN-06

Jobs Reported

16

NAICS Code

238120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

475350.00

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

38837

Originating Lender

Highland Bank

Originating Lender City

St. Michael

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

392529.44

Forgiveness Date

01/26/2022

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