PPP Loan information for Sorlien electric inc.

$585,240

Sorlien electric inc. was initially approved for PPP Loan of amount $585,240, the current approved amount is $585,240. The loan was approved on 04/10/2020 by The Merchants State Bank reported 61 jobs and $585,240 was used to fund payroll.

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

PPP Loan Search / SD / TEA / Sorlien electric inc.

SORLIEN ELECTRIC INC.

Date Approved

04/10/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

SORLIEN ELECTRIC INC.

Borrower Address

46946 100TH ST South

Borrower City

TEA

Borrower State

SD

Borrower Zip

57064-8127

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

585240.00

Current Approval Amount

585240.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66522

Servicing Lender Name

Merchants State Bank

Servicing Lender Address

305 S Main St

Servicing Lender City

FREEMAN

Servicing Lender State

SD

Servicing Lender Zip

57029

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TEA

Project County Name

LINCOLN

Project State

SD

Project Zip

57064-8127

CD

SD-

Jobs Reported

61

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

585240.00

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

66522

Originating Lender

Merchants State Bank

Originating Lender City

FREEMAN

Originating Lender State

SD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

588540.10

Forgiveness Date

11/03/2020

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