PPP Loan information for Precision concepts inc

$26,800

Precision concepts inc was initially approved for PPP Loan of amount $26,800, the current approved amount is $26,800. The loan was approved on 04/16/2020 by The MidWestOne Bank reported 3 jobs and $26,800 was used to fund payroll.

Precision concepts inc is Existing or more than 2 years old

PRECISION CONCEPTS INC

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRECISION CONCEPTS INC

Borrower Address

23750 Goodview Circle North

Borrower City

FOREST LAKE

Borrower State

MN

Borrower Zip

55025

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

26800.00

Current Approval Amount

26800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FOREST LAKE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55025-0001

CD

MN-08

Jobs Reported

3

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1675.00

Payroll Proceed

20100.00

Mortgage Interest Proceed

1675.00

Rent Proceed

1675.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1675.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

26997.28

Forgiveness Date

01/08/2021

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