PPP Loan information for Precision electric inc.

$9,500

Precision electric inc. was initially approved for PPP Loan of amount $9,500, the current approved amount is $9,500. The loan was approved on 04/07/2020 by The Perennial Bank reported 1 jobs and $9,500 was used to fund payroll.

Precision electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / PAYNESVILLE / Precision electric inc.

PRECISION ELECTRIC INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRECISION ELECTRIC INC.

Borrower Address

611 Stearns Ave

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362-1405

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

9500.00

Current Approval Amount

9500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36767

Servicing Lender Name

Perennial Bank

Servicing Lender Address

318 N 1st St

Servicing Lender City

DARWIN

Servicing Lender State

MN

Servicing Lender Zip

55324

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PAYNESVILLE

Project County Name

STEARNS

Project State

MN

Project Zip

56362-1405

CD

MN-07

Jobs Reported

1

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1075.00

Payroll Proceed

7125.00

Mortgage Interest Proceed

0.00

Rent Proceed

1300.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36767

Originating Lender

Perennial Bank

Originating Lender City

DARWIN

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

9570.53

Forgiveness Date

01/07/2021

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