PPP Loan information for Wescom, inc

$2,000,000

Wescom, inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/28/2021 by The Live Oak Banking Company reported 130 jobs and $2,000,000 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

01/28/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

WESCOM, INC

Borrower Address

5137 Jean Duluth Rd

Borrower City

Duluth

Borrower State

MN

Borrower Zip

55803-9752

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

55803-9752

CD

MN-08

Jobs Reported

130

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

2011342.47

Forgiveness Date

09/01/2021

;