PPP Loan information for Proform thermal systems inc

$325,000

Proform thermal systems inc was initially approved for PPP Loan of amount $325,000, the current approved amount is $325,000. The loan was approved on 04/05/2020 by The Sterling Bank reported 25 jobs and $325,000 was used to fund payroll.

Proform thermal systems inc is Existing or more than 2 years old

PPP Loan Search / MN / NORTH BRANCH / Proform thermal systems inc

PROFORM THERMAL SYSTEMS INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PROFORM THERMAL SYSTEMS INC

Borrower Address

39870 GRAND AVE

Borrower City

NORTH BRANCH

Borrower State

MN

Borrower Zip

55056-6064

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

325000.00

Current Approval Amount

325000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

75627

Servicing Lender Name

Sterling Bank

Servicing Lender Address

234 E LaSalle Ave

Servicing Lender City

BARRON

Servicing Lender State

WI

Servicing Lender Zip

54812-1425

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORTH BRANCH

Project County Name

CHISAGO

Project State

MN

Project Zip

55056-6064

CD

MN-08

Jobs Reported

25

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

325000.00

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

75627

Originating Lender

Sterling Bank

Originating Lender City

BARRON

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

316898.75

Forgiveness Date

11/19/2020

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