PPP Loan information for Electronic controlled systems inc.

$547,420

Electronic controlled systems inc. was initially approved for PPP Loan of amount $547,420, the current approved amount is $547,420. The loan was approved on 03/16/2021 by The Choice Financial Group reported 50 jobs and $547,420 was used to fund payroll.

Electronic controlled systems inc. is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Electronic controlled systems inc.

ELECTRONIC CONTROLLED SYSTEMS INC.

Date Approved

03/16/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

ELECTRONIC CONTROLLED SYSTEMS INC.

Borrower Address

11200 Hampshire Ave S

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55438-2453

Loan Status Date

02/16/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

547420.00

Current Approval Amount

547420.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52934

Servicing Lender Name

Choice Financial Group

Servicing Lender Address

4501 23rd Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8782

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55438-2453

CD

MN-03

Jobs Reported

50

NAICS Code

333992

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

547418.00

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

52934

Originating Lender

Choice Financial Group

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

551694.38

Forgiveness Date

01/04/2022

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