PPP Loan information for Reliance telephone systems, inc.

$71,268

Reliance telephone systems, inc. was initially approved for PPP Loan of amount $76,250, the current approved amount is $71,268. The loan was approved on 04/10/2020 by The Frandsen Bank & Trust reported 7 jobs and $71,268 was used to fund payroll.

Reliance telephone systems, inc. is Existing or more than 2 years old

PPP Loan Search / MN / EAST GRAND FORKS / Reliance telephone systems, inc.

RELIANCE TELEPHONE SYSTEMS, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RELIANCE TELEPHONE SYSTEMS, INC.

Borrower Address

118 Gateway Dr NW

Borrower City

EAST GRAND FORKS

Borrower State

MN

Borrower Zip

56721-1570

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76250.00

Current Approval Amount

71268.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EAST GRAND FORKS

Project County Name

POLK

Project State

MN

Project Zip

56721-1570

CD

MN-07

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7250.00

Payroll Proceed

52518.00

Mortgage Interest Proceed

0.00

Rent Proceed

11500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

65688.22

Forgiveness Date

12/14/2020

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