PPP Loan information for Ron's electric motor and repair, inc.

$24,700

Ron's electric motor and repair, inc. was initially approved for PPP Loan of amount $24,700, the current approved amount is $24,700. The loan was approved on 04/29/2020 by The United Prairie Bank reported 3 jobs and $24,700 was used to fund payroll.

Ron's electric motor and repair, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MADELIA / Ron's electric motor and repair, inc.

RON'S ELECTRIC MOTOR AND REPAIR, INC.

Date Approved

04/29/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RON'S ELECTRIC MOTOR AND REPAIR, INC.

Borrower Address

80790 HAMMOND HWY

Borrower City

MADELIA

Borrower State

MN

Borrower Zip

56062-5406

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

24700.00

Current Approval Amount

24700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38650

Servicing Lender Name

United Prairie Bank

Servicing Lender Address

1141 Third Ave

Servicing Lender City

MOUNTAIN LAKE

Servicing Lender State

MN

Servicing Lender Zip

56159-1594

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADELIA

Project County Name

WATONWAN

Project State

MN

Project Zip

56062-5406

CD

MN-01

Jobs Reported

3

NAICS Code

811118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

24700.00

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

38650

Originating Lender

United Prairie Bank

Originating Lender City

MOUNTAIN LAKE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

24806.24

Forgiveness Date

10/09/2020

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