PPP Loan information for Rice lake electric inc

$53,284

Rice lake electric inc was initially approved for PPP Loan of amount $59,065, the current approved amount is $53,284. The loan was approved on 04/28/2020 by The Frandsen Bank & Trust reported 3 jobs and $53,284 was used to fund payroll.

Rice lake electric inc is Existing or more than 2 years old

PPP Loan Search / MN / BELLE PLAINE / Rice lake electric inc

RICE LAKE ELECTRIC INC

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RICE LAKE ELECTRIC INC

Borrower Address

26346 Meridan Avenue

Borrower City

BELLE PLAINE

Borrower State

MN

Borrower Zip

56011

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

59065.00

Current Approval Amount

53284.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BELLE PLAINE

Project County Name

SCOTT

Project State

MN

Project Zip

56011-0001

CD

MN-02

Jobs Reported

3

NAICS Code

221122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

53284.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

53697.13

Forgiveness Date

02/16/2021

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