PPP Loan information for Weltsch equipment inc

$230,500

Weltsch equipment inc was initially approved for PPP Loan of amount $130,500, the current approved amount is $230,500. The loan was approved on 04/08/2020 by The HomeTown Bank reported 16 jobs and $230,500 was used to fund payroll.

Weltsch equipment inc is Existing or more than 2 years old

PPP Loan Search / MN / REDWOOD FALLS / Weltsch equipment inc

WELTSCH EQUIPMENT INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WELTSCH EQUIPMENT INC

Borrower Address

1615 EAST BRIDGE ST

Borrower City

REDWOOD FALLS

Borrower State

MN

Borrower Zip

56283-1934

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130500.00

Current Approval Amount

230500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88597

Servicing Lender Name

HomeTown Bank

Servicing Lender Address

1000 E Cook St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1941

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

REDWOOD FALLS

Project County Name

REDWOOD

Project State

MN

Project Zip

56283-1934

CD

MN-07

Jobs Reported

16

NAICS Code

423820

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

230500.00

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

Corporation

Originating Lender Location Id

88597

Originating Lender

HomeTown Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

232311.99

Forgiveness Date

01/26/2021

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