PPP Loan information for Progressive rail incorporated

$1,680,322

Progressive rail incorporated was initially approved for PPP Loan of amount $1,680,322, the current approved amount is $1,680,322. The loan was approved on 04/16/2020 by The PNC Bank, National Association reported 150 jobs and $1,680,322 was used to fund payroll.

Progressive rail incorporated is Existing or more than 2 years old

PPP Loan Search / MN / LAKEVILLE / Progressive rail incorporated

PROGRESSIVE RAIL INCORPORATED

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PROGRESSIVE RAIL INCORPORATED

Borrower Address

21778 Highview Ave

Borrower City

LAKEVILLE

Borrower State

MN

Borrower Zip

55044

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1680322.00

Current Approval Amount

1680322.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKEVILLE

Project County Name

DAKOTA

Project State

MN

Project Zip

55044-0001

CD

MN-02

Jobs Reported

150

NAICS Code

485310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1680322.00

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

102000

Originating Lender

First Source FCU

Originating Lender City

NEW HARTFORD

Originating Lender State

NY

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1709587.61

Forgiveness Date

01/11/2022

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