PPP Loan information for Falls electric, inc.

$54,969

Falls electric, inc. was initially approved for PPP Loan of amount $54,969, the current approved amount is $54,969. The loan was approved on 04/14/2020 by The Border Bank reported 6 jobs and $54,969 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

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FALLS ELECTRIC, INC.

Borrower Address

720 Dawn Avenue

Borrower City

THIEF RIVER FALLS

Borrower State

MN

Borrower Zip

56701

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

54968.90

Current Approval Amount

54968.90

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

56701-0001

CD

MN-07

Jobs Reported

6

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

54968.90

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

55361.32

Forgiveness Date

01/07/2021

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