PPP Loan information for Powermation division inc.

$2,249,000

Powermation division inc. was initially approved for PPP Loan of amount $2,249,000, the current approved amount is $2,249,000. The loan was approved on 04/10/2020 by The Bell Bank reported 140 jobs and $2,249,000 was used to fund payroll.

Powermation division inc. is Existing or more than 2 years old

PPP Loan Search / MN / SAINT PAUL / Powermation division inc.

POWERMATION DIVISION INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POWERMATION DIVISION INC.

Borrower Address

1310 ENERGY LN

Borrower City

SAINT PAUL

Borrower State

MN

Borrower Zip

55108-3500

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2249000.00

Current Approval Amount

2249000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAINT PAUL

Project County Name

RAMSEY

Project State

MN

Project Zip

55108-3500

CD

MN-04

Jobs Reported

140

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2249000.00

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

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2273551.58

Forgiveness Date

05/26/2021

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