PPP Loan information for Versacon, inc.

$390,825

Versacon, inc. was initially approved for PPP Loan of amount $390,825, the current approved amount is $390,825. The loan was approved on 04/16/2020 by The Frandsen Bank & Trust reported 21 jobs and $390,825 was used to fund payroll.

Versacon, inc. is Existing or more than 2 years old

PPP Loan Search / MN / NEW HOPE / Versacon, inc.

VERSACON, INC.

Date Approved

04/16/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VERSACON, INC.

Borrower Address

9443 SCIENCE CENTER DRIVE

Borrower City

NEW HOPE

Borrower State

MN

Borrower Zip

55428

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

390825.00

Current Approval Amount

390825.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEW HOPE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55428-0001

CD

MN-03

Jobs Reported

21

NAICS Code

237990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

293119.00

Mortgage Interest Proceed

97706.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

394240.70

Forgiveness Date

03/11/2021

;