PPP Loan information for Reuter country electric inc.

$14,500

Reuter country electric inc. was initially approved for PPP Loan of amount $14,500, the current approved amount is $14,500. The loan was approved on 04/13/2020 by The Magnifi Financial CU reported 2 jobs and $14,500 was used to fund payroll.

Reuter country electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / FREEPORT / Reuter country electric inc.

REUTER COUNTRY ELECTRIC INC.

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REUTER COUNTRY ELECTRIC INC.

Borrower Address

32304 COUNTY ROAD 11

Borrower City

FREEPORT

Borrower State

MN

Borrower Zip

56331-9793

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

14500.00

Current Approval Amount

14500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEPORT

Project County Name

STEARNS

Project State

MN

Project Zip

56331-9793

CD

MN-07

Jobs Reported

2

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

14500.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

14650.16

Forgiveness Date

05/03/2021

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