PPP Loan information for Formacoat, llc

$215,300

Formacoat, llc was initially approved for PPP Loan of amount $215,300, the current approved amount is $215,300. The loan was approved on 04/04/2020 by The Nicolet National Bank reported 20 jobs and $215,300 was used to fund payroll.

Formacoat, llc is Existing or more than 2 years old

PPP Loan Search / MN / SAVAGE / Formacoat, llc

FORMACOAT, LLC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FORMACOAT, LLC

Borrower Address

12500 ZINRAN AVE

Borrower City

SAVAGE

Borrower State

MN

Borrower Zip

55378-1081

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

215300.00

Current Approval Amount

215300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

203327

Servicing Lender Name

Nicolet National Bank

Servicing Lender Address

111 N Washington St

Servicing Lender City

GREEN BAY

Servicing Lender State

WI

Servicing Lender Zip

54301-4255

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAVAGE

Project County Name

SCOTT

Project State

MN

Project Zip

55378-1081

CD

MN-02

Jobs Reported

20

NAICS Code

339112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

215300.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

203327

Originating Lender

Nicolet National Bank

Originating Lender City

GREEN BAY

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

216827.75

Forgiveness Date

12/30/2020

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