PPP Loan information for Western electric, inc.

$62,558

Western electric, inc. was initially approved for PPP Loan of amount $62,558, the current approved amount is $62,558. The loan was approved on 04/06/2020 by The Minnesota Lakes Bank reported 5 jobs and $62,558 was used to fund payroll.

Western electric, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DELANO / Western electric, inc.

WESTERN ELECTRIC, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WESTERN ELECTRIC, INC.

Borrower Address

825 COUNTRY LN

Borrower City

DELANO

Borrower State

MN

Borrower Zip

55328-8818

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

62558.00

Current Approval Amount

62558.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36775

Servicing Lender Name

Minnesota Lakes Bank

Servicing Lender Address

710 Babcock Blvd East

Servicing Lender City

DELANO

Servicing Lender State

MN

Servicing Lender Zip

55328-8602

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DELANO

Project County Name

WRIGHT

Project State

MN

Project Zip

55328-8818

CD

MN-06

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

58808.00

Mortgage Interest Proceed

0.00

Rent Proceed

3750.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36775

Originating Lender

Minnesota Lakes Bank

Originating Lender City

DELANO

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

63131.45

Forgiveness Date

03/15/2021

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