PPP Loan information for Silt sock, inc.

$557,000

Silt sock, inc. was initially approved for PPP Loan of amount $568,602, the current approved amount is $557,000. The loan was approved on 04/06/2020 by The Frandsen Bank & Trust reported 50 jobs and $557,000 was used to fund payroll.

Silt sock, inc. is Existing or more than 2 years old

PPP Loan Search / MN / FOLEY / Silt sock, inc.

SILT SOCK, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SILT SOCK, INC.

Borrower Address

333 Bronder Dr

Borrower City

FOLEY

Borrower State

MN

Borrower Zip

56329-4555

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

568602.00

Current Approval Amount

557000.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOLEY

Project County Name

BENTON

Project State

MN

Project Zip

56329-4555

CD

MN-06

Jobs Reported

50

NAICS Code

423390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

48600.00

Payroll Proceed

454400.00

Mortgage Interest Proceed

0.00

Rent Proceed

54000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

562737.86

Forgiveness Date

04/27/2021

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