PPP Loan information for Falls electric inc

$57,898

Falls electric inc was initially approved for PPP Loan of amount $57,898, the current approved amount is $57,898. The loan was approved on 02/03/2021 by The Border Bank reported 7 jobs and $57,898 was used to fund payroll.

Falls electric inc is Existing or more than 2 years old

PPP Loan Search / MN / Thief River Falls / Falls electric inc

FALLS ELECTRIC INC

Date Approved

02/03/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

FALLS ELECTRIC INC

Borrower Address

720 Dawn Ave

Borrower City

Thief River Falls

Borrower State

MN

Borrower Zip

56701-1049

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

57898.42

Current Approval Amount

57898.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52775

Servicing Lender Name

Border Bank

Servicing Lender Address

4530 17th Ave SW

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-8991

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Thief River Falls

Project County Name

PENNINGTON

Project State

MN

Project Zip

56701-1049

CD

MN-07

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

57898.42

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

52775

Originating Lender

Border Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58218.47

Forgiveness Date

08/30/2021

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