PPP Loan information for Preferred tool llc

$502,300

Preferred tool llc was initially approved for PPP Loan of amount $502,300, the current approved amount is $502,300. The loan was approved on 04/08/2020 by The 21st Century Bank reported 26 jobs and $502,300 was used to fund payroll.

Preferred tool llc is Existing or more than 2 years old

PPP Loan Search / MN / HUGO / Preferred tool llc

PREFERRED TOOL LLC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PREFERRED TOOL LLC

Borrower Address

15195 FREELAND AVE N

Borrower City

HUGO

Borrower State

MN

Borrower Zip

55038-8372

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

502300.00

Current Approval Amount

502300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36718

Servicing Lender Name

21st Century Bank

Servicing Lender Address

699 N Medina St

Servicing Lender City

LORETTO

Servicing Lender State

MN

Servicing Lender Zip

55357-9595

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUGO

Project County Name

WASHINGTON

Project State

MN

Project Zip

55038-8372

CD

MN-08

Jobs Reported

26

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

502300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

36718

Originating Lender

21st Century Bank

Originating Lender City

LORETTO

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

506109.11

Forgiveness Date

01/20/2021

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