PPP Loan information for Oak electric service incorporated

$40,600

Oak electric service incorporated was initially approved for PPP Loan of amount $35,400, the current approved amount is $40,600. The loan was approved on 04/06/2020 by The Magnifi Financial CU reported 6 jobs and $40,600 was used to fund payroll.

Oak electric service incorporated is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Oak electric service incorporated

OAK ELECTRIC SERVICE INCORPORATED

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OAK ELECTRIC SERVICE INCORPORATED

Borrower Address

36484 300th Avenue

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-8314

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35400.00

Current Approval Amount

40600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-8314

CD

MN-07

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

6042.00

Payroll Proceed

32558.00

Mortgage Interest Proceed

0.00

Rent Proceed

2000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

40834.70

Forgiveness Date

11/12/2020

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