PPP Loan information for Special cutting tools inc.

$20,527

Special cutting tools inc. was initially approved for PPP Loan of amount $20,527, the current approved amount is $20,527. The loan was approved on 01/21/2021 by The Community Development Bank, FSB reported 2 jobs and $20,527 was used to fund payroll.

Special cutting tools inc. is Existing or more than 2 years old

PPP Loan Search / MN / Saint Michael / Special cutting tools inc.

SPECIAL CUTTING TOOLS INC.

Date Approved

01/21/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SPECIAL CUTTING TOOLS INC.

Borrower Address

9221 10th St NE

Borrower City

Saint Michael

Borrower State

MN

Borrower Zip

55376-9208

Loan Status Date

08/05/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

20527.00

Current Approval Amount

20527.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38719

Servicing Lender Name

Community Development Bank, FSB

Servicing Lender Address

516 Main St

Servicing Lender City

OGEMA

Servicing Lender State

MN

Servicing Lender Zip

56569

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Saint Michael

Project County Name

WRIGHT

Project State

MN

Project Zip

55376-9208

CD

MN-06

Jobs Reported

2

NAICS Code

333514

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

20524.00

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

Subchapter S Corporation

Originating Lender Location Id

38719

Originating Lender

Community Development Bank, FSB

Originating Lender City

OGEMA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

20624.50

Forgiveness Date

07/16/2021

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