PPP Loan information for Power engineering & manufacturing, inc

$307,266

Power engineering & manufacturing, inc was initially approved for PPP Loan of amount $229,932, the current approved amount is $307,266. The loan was approved on 04/05/2020 by The Village Bank reported 25 jobs and $307,266 was used to fund payroll.

Power engineering & manufacturing, inc is Existing or more than 2 years old

PPP Loan Search / MN / BLAINE / Power engineering & manufacturing, inc

POWER ENGINEERING & MANUFACTURING, INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POWER ENGINEERING & MANUFACTURING, INC

Borrower Address

1463 94TH LN NE

Borrower City

BLAINE

Borrower State

MN

Borrower Zip

55449-4320

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

229932.00

Current Approval Amount

307266.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

118028

Servicing Lender Name

Village Bank

Servicing Lender Address

3350 Bridge St NW

Servicing Lender City

SAINT FRANCIS

Servicing Lender State

MN

Servicing Lender Zip

55070-9732

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

55449-4320

CD

MN-06

Jobs Reported

25

NAICS Code

339999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

307266.00

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

118028

Originating Lender

Village Bank

Originating Lender City

SAINT FRANCIS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

309050.67

Forgiveness Date

11/13/2020

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