Date Approved
04/27/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
VENTURE ELECTRIC LLC
Borrower Address
1195 ISLEVIEW RD
Borrower City
GRAND RAPIDS
Borrower State
MN
Borrower Zip
55744-9644
Loan Status Date
04/13/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
60597.00
Current Approval Amount
38339.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
99625
Servicing Lender Name
Members Cooperative CU
Servicing Lender Address
4628 Mike Colalillo Dr
Servicing Lender City
DULUTH
Servicing Lender State
Servicing Lender Zip
55807-2732
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ITASCA
Project State
Project Zip
CD
MN-08
Jobs Reported
4
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
38682.99
Forgiveness Date
03/18/2021