PPP Loan information for Economically correct, inc.

$50,000

Economically correct, inc. was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 04/07/2020 by The Highland Bank reported 6 jobs and $50,000 was used to fund payroll.

Economically correct, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Brooklyn Park / Economically correct, inc.

ECONOMICALLY CORRECT, INC.

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ECONOMICALLY CORRECT, INC.

Borrower Address

7165 Boone Ave S Suite 150

Borrower City

Brooklyn Park

Borrower State

MN

Borrower Zip

55428

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38837

Servicing Lender Name

Highland Bank

Servicing Lender Address

113 Central Ave East

Servicing Lender City

St. Michael

Servicing Lender State

MN

Servicing Lender Zip

55376

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn Park

Project County Name

HENNEPIN

Project State

MN

Project Zip

55428-0001

CD

MN-03

Jobs Reported

6

NAICS Code

337127

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50000.00

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

38837

Originating Lender

Highland Bank

Originating Lender City

St. Michael

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50306.85

Forgiveness Date

12/08/2020

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