PPP Loan information for Design electric inc

$2,474,800

Design electric inc was initially approved for PPP Loan of amount $2,474,800, the current approved amount is $2,474,800. The loan was approved on 04/07/2020 by The Bremer Bank, National Association reported 104 jobs and $2,474,800 was used to fund payroll.

Design electric inc is Existing or more than 2 years old

PPP Loan Search / MN / SAINT CLOUD / Design electric inc

DESIGN ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DESIGN ELECTRIC INC

Borrower Address

4807 Heatherwood Raod

Borrower City

SAINT CLOUD

Borrower State

MN

Borrower Zip

56301

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2474800.00

Current Approval Amount

2474800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT CLOUD

Project County Name

STEARNS

Project State

MN

Project Zip

56301-0001

CD

MN-06

Jobs Reported

104

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2474800.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2503683.97

Forgiveness Date

06/11/2021

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