PPP Loan information for Power process equipment inc

$672,200

Power process equipment inc was initially approved for PPP Loan of amount $672,200, the current approved amount is $672,200. The loan was approved on 04/10/2020 by The HTLF Bank reported 38 jobs and $672,200 was used to fund payroll.

Power process equipment inc is Existing or more than 2 years old

PPP Loan Search / MN / CHANHASSEN / Power process equipment inc

POWER PROCESS EQUIPMENT INC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POWER PROCESS EQUIPMENT INC

Borrower Address

1660 LAKE DRIVE W

Borrower City

CHANHASSEN

Borrower State

MN

Borrower Zip

55317-8583

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

672200.00

Current Approval Amount

672200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

444645

Servicing Lender Name

HTLF Bank

Servicing Lender Address

1800 Larimer St, Ste 100

Servicing Lender City

DENVER

Servicing Lender State

CO

Servicing Lender Zip

80202-1404

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHANHASSEN

Project County Name

CARVER

Project State

MN

Project Zip

55317-8583

CD

MN-06

Jobs Reported

38

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

672200.00

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

444645

Originating Lender

HTLF Bank

Originating Lender City

DENVER

Originating Lender State

CO

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

676251.62

Forgiveness Date

11/23/2020

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