PPP Loan information for Fergus power pump inc

$166,900

Fergus power pump inc was initially approved for PPP Loan of amount $158,500, the current approved amount is $166,900. The loan was approved on 04/05/2020 by The FM Bank reported 16 jobs and $166,900 was used to fund payroll.

Fergus power pump inc is Existing or more than 2 years old

PPP Loan Search / MN / FERGUS FALLS / Fergus power pump inc

FERGUS POWER PUMP INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FERGUS POWER PUMP INC

Borrower Address

24978 225TH ST

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-8142

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

158500.00

Current Approval Amount

166900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38192

Servicing Lender Name

FM Bank

Servicing Lender Address

702 Prentice St

Servicing Lender City

GRANITE FALLS

Servicing Lender State

MN

Servicing Lender Zip

56241-1541

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FERGUS FALLS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-8142

CD

MN-07

Jobs Reported

16

NAICS Code

562998

Race

American Indian or Alaska Native

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

166900.00

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

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

168495.84

Forgiveness Date

03/31/2021

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