PPP Loan information for Swan machine, inc.

$1,122,600

Swan machine, inc. was initially approved for PPP Loan of amount $1,288,800, the current approved amount is $1,122,600. The loan was approved on 04/03/2020 by The United Community Bank reported 100 jobs and $1,122,600 was used to fund payroll.

Swan machine, inc. is Existing or more than 2 years old

PPP Loan Search / MN / PERHAM / Swan machine, inc.

SWAN MACHINE, INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SWAN MACHINE, INC.

Borrower Address

825 1st St NE

Borrower City

PERHAM

Borrower State

MN

Borrower Zip

56573-1856

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1288800.00

Current Approval Amount

1122600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38738

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 W Main St

Servicing Lender City

PERHAM

Servicing Lender State

MN

Servicing Lender Zip

56573-1455

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PERHAM

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56573-1856

CD

MN-07

Jobs Reported

100

NAICS Code

332999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1122600.00

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

38738

Originating Lender

United Community Bank

Originating Lender City

PERHAM

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1131119.46

Forgiveness Date

01/19/2021

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