PPP Loan information for Electric component sales inc.

$137,800

Electric component sales inc. was initially approved for PPP Loan of amount $137,800, the current approved amount is $137,800. The loan was approved on 03/17/2021 by The Alerus Financial, National Association reported 7 jobs and $137,800 was used to fund payroll.

Electric component sales inc. is Existing or more than 2 years old

PPP Loan Search / MN / Hopkins / Electric component sales inc.

ELECTRIC COMPONENT SALES INC.

Date Approved

03/17/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ELECTRIC COMPONENT SALES INC.

Borrower Address

12301 Whitewater Dr Ste 130

Borrower City

Hopkins

Borrower State

MN

Borrower Zip

55343-9452

Loan Status Date

04/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

137800.00

Current Approval Amount

137800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hopkins

Project County Name

HENNEPIN

Project State

MN

Project Zip

55343-9452

CD

MN-03

Jobs Reported

7

NAICS Code

425120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

137799.00

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

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

139193.31

Forgiveness Date

03/22/2022

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