PPP Loan information for Preferred controls corporation

$235,200

Preferred controls corporation was initially approved for PPP Loan of amount $235,200, the current approved amount is $235,200. The loan was approved on 04/04/2020 by The Farmers and Merchants State Bank of Pierz reported 16 jobs and $235,200 was used to fund payroll.

Preferred controls corporation is Existing or more than 2 years old

PREFERRED CONTROLS CORPORATION

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PREFERRED CONTROLS CORPORATION

Borrower Address

460 HUSKIE DR Suite 102

Borrower City

ALBANY

Borrower State

MN

Borrower Zip

56307-4532

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

235200.00

Current Approval Amount

235200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38741

Servicing Lender Name

Farmers and Merchants State Bank of Pierz

Servicing Lender Address

80 Main St

Servicing Lender City

PIERZ

Servicing Lender State

MN

Servicing Lender Zip

56364-4529

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBANY

Project County Name

STEARNS

Project State

MN

Project Zip

56307-4532

CD

MN-07

Jobs Reported

16

NAICS Code

541990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

235200.00

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

38741

Originating Lender

Farmers and Merchants State Bank of Pierz

Originating Lender City

PIERZ

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

235825.46

Forgiveness Date

01/11/2021

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