Date Approved
02/18/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
SHEAR DYNAMICS INC
Borrower Address
65 3rd St NE
Borrower City
Waite Park
Borrower State
MN
Borrower Zip
56387-1298
Loan Status Date
03/19/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
45362.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
188567
Servicing Lender Name
Loan Source Incorporated
Servicing Lender Address
353 East 83rd Street Suite 3H
Servicing Lender City
NEW YORK
Servicing Lender State
NY
Servicing Lender Zip
10028
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
STEARNS
Project State
Project Zip
CD
MN-06
Jobs Reported
7
NAICS Code
812112
Race
White
Ethnicity
Unknown/NotStated
Utilities Proceed
1.00
Payroll Proceed
45360.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
29599
Originating Lender
Northeast Bank
Originating Lender City
LEWISTON
Originating Lender State
ME
Gender
Female Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
45806.92
Forgiveness Date
02/17/2022