PPP Loan information for Precision stainless, inc.

$318,200

Precision stainless, inc. was initially approved for PPP Loan of amount $318,200, the current approved amount is $318,200. The loan was approved on 04/04/2020 by The Merchants Bank, National Association reported 34 jobs and $318,200 was used to fund payroll.

Precision stainless, inc. is Existing or more than 2 years old

PPP Loan Search / MN / CALEDONIA / Precision stainless, inc.

PRECISION STAINLESS, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRECISION STAINLESS, INC.

Borrower Address

921 INDUSTRY RD

Borrower City

CALEDONIA

Borrower State

MN

Borrower Zip

55921-1838

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

318200.00

Current Approval Amount

318200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CALEDONIA

Project County Name

HOUSTON

Project State

MN

Project Zip

55921-1838

CD

MN-01

Jobs Reported

34

NAICS Code

333999

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

254541.00

Mortgage Interest Proceed

47659.00

Rent Proceed

16000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

310306.03

Forgiveness Date

12/17/2020

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