PPP Loan information for Rick electric inc.

$471,602

Rick electric inc. was initially approved for PPP Loan of amount $471,602, the current approved amount is $471,602. The loan was approved on 02/02/2021 by The Cornerstone Bank reported 22 jobs and $471,602 was used to fund payroll.

Rick electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / Moorhead / Rick electric inc.

RICK ELECTRIC INC.

Date Approved

02/02/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RICK ELECTRIC INC.

Borrower Address

3010 24th Ave S

Borrower City

Moorhead

Borrower State

MN

Borrower Zip

56560-5933

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

471601.58

Current Approval Amount

471601.58

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

N

Business Age Description

Existing or more than 2 years old

Project City

Moorhead

Project County Name

CLAY

Project State

MN

Project Zip

56560-5933

CD

MN-07

Jobs Reported

22

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

471598.58

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

Subchapter S Corporation

Originating Lender Location Id

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

475976.99

Forgiveness Date

01/06/2022

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