PPP Loan information for Gunnar electric inc

$924,800

Gunnar electric inc was initially approved for PPP Loan of amount $924,800, the current approved amount is $924,800. The loan was approved on 04/07/2020 by The First Minnetonka City Bank reported 26 jobs and $924,800 was used to fund payroll.

Gunnar electric inc is Existing or more than 2 years old

PPP Loan Search / MN / EDEN PRAIRIE / Gunnar electric inc

GUNNAR ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GUNNAR ELECTRIC INC

Borrower Address

14850 MARTIN DR

Borrower City

EDEN PRAIRIE

Borrower State

MN

Borrower Zip

55344-2012

Loan Status Date

06/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

924800.00

Current Approval Amount

924800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38609

Servicing Lender Name

First Minnetonka City Bank

Servicing Lender Address

14550 Excelsior Blvd

Servicing Lender City

MINNETONKA

Servicing Lender State

MN

Servicing Lender Zip

55345

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDEN PRAIRIE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55344-2012

CD

MN-03

Jobs Reported

26

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3105.00

Payroll Proceed

739860.00

Mortgage Interest Proceed

0.00

Rent Proceed

14417.00

Refinance EIDL Proceed

0.00

Health Care Proceed

167418.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38609

Originating Lender

First Minnetonka City Bank

Originating Lender City

MINNETONKA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

935049.87

Forgiveness Date

05/21/2021

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