PPP Loan information for Red river electric inc.

$315,122

Red river electric inc. was initially approved for PPP Loan of amount $315,122, the current approved amount is $315,122. The loan was approved on 02/13/2021 by The Cornerstone Bank reported 24 jobs and $315,122 was used to fund payroll.

Red river electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / Moorhead / Red river electric inc.

RED RIVER ELECTRIC INC.

Date Approved

02/13/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RED RIVER ELECTRIC INC.

Borrower Address

3445 43rd St South

Borrower City

Moorhead

Borrower State

MN

Borrower Zip

56560

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

315122.27

Current Approval Amount

315122.27

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Moorhead

Project County Name

CLAY

Project State

MN

Project Zip

56560

CD

MN-07

Jobs Reported

24

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

315120.27

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

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

317888.34

Forgiveness Date

01/03/2022

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