PPP Loan information for Ben franklin electric, inc.

$878,000

Ben franklin electric, inc. was initially approved for PPP Loan of amount $878,000, the current approved amount is $878,000. The loan was approved on 04/10/2020 by The Old National Bank reported 50 jobs and $878,000 was used to fund payroll.

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

PPP Loan Search / MN / BURNSVILLE / Ben franklin electric, inc.

BEN FRANKLIN ELECTRIC, INC.

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BEN FRANKLIN ELECTRIC, INC.

Borrower Address

12401 Washburn Avenue South

Borrower City

BURNSVILLE

Borrower State

MN

Borrower Zip

55337-1773

Loan Status Date

02/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

878000.00

Current Approval Amount

878000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BURNSVILLE

Project County Name

DAKOTA

Project State

MN

Project Zip

55337-1773

CD

MN-02

Jobs Reported

50

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

878000.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

884663.18

Forgiveness Date

01/20/2021

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