PPP Loan information for Open systems inc

$2,991,300

Open systems inc was initially approved for PPP Loan of amount $2,991,300, the current approved amount is $2,991,300. The loan was approved on 04/09/2020 by The MidWestOne Bank reported 204 jobs and $2,991,300 was used to fund payroll.

Open systems inc is Existing or more than 2 years old

PPP Loan Search / MN / SHAKOPEE / Open systems inc

OPEN SYSTEMS INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OPEN SYSTEMS INC

Borrower Address

4301 DEAN LAKES BLVD

Borrower City

SHAKOPEE

Borrower State

MN

Borrower Zip

55379-2994

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2991300.00

Current Approval Amount

2991300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SHAKOPEE

Project County Name

SCOTT

Project State

MN

Project Zip

55379-2994

CD

MN-02

Jobs Reported

204

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

186956.25

Payroll Proceed

2243475.00

Mortgage Interest Proceed

186956.25

Rent Proceed

186956.25

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

186956.25

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

3026946.32

Forgiveness Date

06/15/2021

;