PPP Loan information for Underground tools, inc

$190,000

Underground tools, inc was initially approved for PPP Loan of amount $190,000, the current approved amount is $190,000. The loan was approved on 04/15/2020 by The First Resource Bank reported 16 jobs and $190,000 was used to fund payroll.

Underground tools, inc is Existing or more than 2 years old

PPP Loan Search / MN / LINO LAKES / Underground tools, inc

UNDERGROUND TOOLS, INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

UNDERGROUND TOOLS, INC

Borrower Address

6680 HODGSON RD

Borrower City

LINO LAKES

Borrower State

MN

Borrower Zip

55014-1301

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

190000.00

Current Approval Amount

190000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434662

Servicing Lender Name

First Resource Bank

Servicing Lender Address

7449 Village Dr

Servicing Lender City

LINO LAKES

Servicing Lender State

MN

Servicing Lender Zip

55014-1181

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LINO LAKES

Project County Name

ANOKA

Project State

MN

Project Zip

55014-1301

CD

MN-06

Jobs Reported

16

NAICS Code

423860

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

190000.00

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

434662

Originating Lender

First Resource Bank

Originating Lender City

LINO LAKES

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

191374.25

Forgiveness Date

01/14/2021

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