Date Approved
04/15/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
USA ELECTRIC INC
Borrower Address
2009 35TH ST
Borrower City
HIBBING
Borrower State
MN
Borrower Zip
55746-2607
Loan Status Date
02/27/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
16787.00
Current Approval Amount
15200.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36814
Servicing Lender Name
Park State Bank
Servicing Lender Address
2630 W Superior St
Servicing Lender City
DULUTH
Servicing Lender State
Servicing Lender Zip
55806-1817
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SAINT LOUIS
Project State
Project Zip
CD
MN-08
Jobs Reported
1
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
12160.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
3040.00
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
15308.51
Forgiveness Date
01/07/2021