PPP Loan information for Abel's electric motor service

$11,100

Abel's electric motor service was initially approved for PPP Loan of amount $11,100, the current approved amount is $11,100. The loan was approved on 04/28/2020 by The Citizens Bank Minnesota reported 2 jobs and $11,100 was used to fund payroll.

Abel's electric motor service is Existing or more than 2 years old

PPP Loan Search / MN / NEW ULM / Abel's electric motor service

ABEL'S ELECTRIC MOTOR SERVICE

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ABEL'S ELECTRIC MOTOR SERVICE

Borrower Address

406 NORTH FRONT ST PO BOX 363

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073-1632

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

11100.00

Current Approval Amount

11100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38679

Servicing Lender Name

Citizens Bank Minnesota

Servicing Lender Address

105 N Minnesota St

Servicing Lender City

NEW ULM

Servicing Lender State

MN

Servicing Lender Zip

56073-1729

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-1632

CD

MN-01

Jobs Reported

2

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

11100.00

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

Sole Proprietorship

Originating Lender Location Id

38679

Originating Lender

Citizens Bank Minnesota

Originating Lender City

NEW ULM

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

11161.36

Forgiveness Date

11/23/2020

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