PPP Loan information for Rivertown electric inc

$106,300

Rivertown electric inc was initially approved for PPP Loan of amount $106,300, the current approved amount is $106,300. The loan was approved on 04/04/2020 by The Merchants Bank, National Association reported 7 jobs and $106,300 was used to fund payroll.

Rivertown electric inc is Existing or more than 2 years old

PPP Loan Search / MN / HASTINGS / Rivertown electric inc

RIVERTOWN ELECTRIC INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RIVERTOWN ELECTRIC INC

Borrower Address

1031 ZWEBER LN

Borrower City

HASTINGS

Borrower State

MN

Borrower Zip

55033-3333

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

106300.00

Current Approval Amount

106300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HASTINGS

Project County Name

DAKOTA

Project State

MN

Project Zip

55033-3333

CD

MN-02

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

102800.00

Mortgage Interest Proceed

0.00

Rent Proceed

2500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

107091.34

Forgiveness Date

01/07/2021

;