PPP Loan information for Quality flow systems inc

$397,300

Quality flow systems inc was initially approved for PPP Loan of amount $397,300, the current approved amount is $397,300. The loan was approved on 04/08/2020 by The Merchants Bank, National Association reported 32 jobs and $397,300 was used to fund payroll.

Quality flow systems inc is Existing or more than 2 years old

PPP Loan Search / MN / NEW PRAGUE / Quality flow systems inc

QUALITY FLOW SYSTEMS INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

QUALITY FLOW SYSTEMS INC

Borrower Address

800 6TH ST NW

Borrower City

NEW PRAGUE

Borrower State

MN

Borrower Zip

56071-1148

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

397300.00

Current Approval Amount

397300.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW PRAGUE

Project County Name

SCOTT

Project State

MN

Project Zip

56071-1148

CD

MN-02

Jobs Reported

32

NAICS Code

424990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

40835.00

Payroll Proceed

317315.00

Mortgage Interest Proceed

0.00

Rent Proceed

18630.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20520.00

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

Non-Veteran

Non Profit

Forgiveness Amount

400743.27

Forgiveness Date

02/24/2021

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