PPP Loan information for Bessler brothers electric, llc

$575,000

Bessler brothers electric, llc was initially approved for PPP Loan of amount $575,000, the current approved amount is $575,000. The loan was approved on 04/04/2020 by The Security Bank USA reported 38 jobs and $575,000 was used to fund payroll.

Bessler brothers electric, llc is Existing or more than 2 years old

PPP Loan Search / MN / BEMIDJI / Bessler brothers electric, llc

BESSLER BROTHERS ELECTRIC, LLC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BESSLER BROTHERS ELECTRIC, LLC

Borrower Address

3481 LAUREL DR

Borrower City

BEMIDJI

Borrower State

MN

Borrower Zip

56601-5605

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

575000.00

Current Approval Amount

575000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36647

Servicing Lender Name

Security Bank USA

Servicing Lender Address

1025 Paul Bunyan Dr NW

Servicing Lender City

BEMIDJI

Servicing Lender State

MN

Servicing Lender Zip

56601

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BEMIDJI

Project County Name

BELTRAMI

Project State

MN

Project Zip

56601-5605

CD

MN-08

Jobs Reported

38

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7000.00

Payroll Proceed

544000.00

Mortgage Interest Proceed

10000.00

Rent Proceed

0.00

Refinance EIDL Proceed

14000.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36647

Originating Lender

Security Bank USA

Originating Lender City

BEMIDJI

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

578226.39

Forgiveness Date

11/03/2020

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