Date Approved
02/06/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
PARALLEL TECHNOLOGIES INC.
Borrower Address
7667 Equitable Dr
Borrower City
Eden Prairie
Borrower State
MN
Borrower Zip
55344-3696
Loan Status Date
12/18/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
2000000.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
52934
Servicing Lender Name
Choice Financial Group
Servicing Lender Address
4501 23rd Ave South
Servicing Lender City
FARGO
Servicing Lender State
ND
Servicing Lender Zip
58104-8782
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HENNEPIN
Project State
Project Zip
CD
MN-03
Jobs Reported
122
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
1999995.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
2015232.88
Forgiveness Date
11/18/2021