PPP Loan information for Wescom, inc

$2,660,800

Wescom, inc was initially approved for PPP Loan of amount $2,660,800, the current approved amount is $2,660,800. The loan was approved on 04/06/2020 by The Live Oak Banking Company reported 130 jobs and $2,660,800 was used to fund payroll.

Wescom, inc is Existing or more than 2 years old

PPP Loan Search / MN / Duluth / Wescom, inc

WESCOM, INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WESCOM, INC

Borrower Address

5137 Jean Duluth Road

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55803

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2660800.00

Current Approval Amount

2660800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Duluth

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55803-1100

CD

MN-08

Jobs Reported

130

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2660800.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2691344.53

Forgiveness Date

06/09/2021

;