PPP Loan information for Dependable electric inc

$35,000

Dependable electric inc was initially approved for PPP Loan of amount $35,000, the current approved amount is $35,000. The loan was approved on 04/04/2020 by The First Bank Elk River reported 3 jobs and $35,000 was used to fund payroll.

Dependable electric inc is Existing or more than 2 years old

PPP Loan Search / MN / COON RAPIDS / Dependable electric inc

DEPENDABLE ELECTRIC INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DEPENDABLE ELECTRIC INC

Borrower Address

2619 COON RAPIDS BLVD

Borrower City

COON RAPIDS

Borrower State

MN

Borrower Zip

55433-3900

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

35000.00

Current Approval Amount

35000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38033

Servicing Lender Name

First Bank Elk River

Servicing Lender Address

812 Main St NW

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1575

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

COON RAPIDS

Project County Name

ANOKA

Project State

MN

Project Zip

55433-3900

CD

MN-03

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

35000.00

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

Subchapter S Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

35360.69

Forgiveness Date

04/21/2021

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