PPP Loan information for Pace electronics inc

$1,090,165

Pace electronics inc was initially approved for PPP Loan of amount $1,090,165, the current approved amount is $1,090,165. The loan was approved on 04/09/2020 by The West Bank reported 79 jobs and $1,090,165 was used to fund payroll.

Pace electronics inc is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Pace electronics inc

PACE ELECTRONICS INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PACE ELECTRONICS INC

Borrower Address

3582 TECHNOLOGY DR NW

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901-7687

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1090165.00

Current Approval Amount

1090165.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25587

Servicing Lender Name

West Bank

Servicing Lender Address

1601 22nd St

Servicing Lender City

WEST DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50266-1408

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-7687

CD

MN-01

Jobs Reported

79

NAICS Code

532490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1090165.00

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

25587

Originating Lender

West Bank

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1098677.25

Forgiveness Date

01/28/2021

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