PPP Loan information for Hammerlund, inc

$1,511,900

Hammerlund, inc was initially approved for PPP Loan of amount $1,624,900, the current approved amount is $1,511,900. The loan was approved on 04/06/2020 by The Ultima Bank Minnesota reported 14 jobs and $1,511,900 was used to fund payroll.

Hammerlund, inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Hammerlund, inc

HAMMERLUND, INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

HAMMERLUND, INC

Borrower Address

40 County Road 63

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-9631

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1624900.00

Current Approval Amount

1511900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39047

Servicing Lender Name

Ultima Bank Minnesota

Servicing Lender Address

9 W Minnesota Ave

Servicing Lender City

WINGER

Servicing Lender State

MN

Servicing Lender Zip

56592

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-9631

CD

MN-08

Jobs Reported

14

NAICS Code

237990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1511900.00

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

Corporation

Originating Lender Location Id

39047

Originating Lender

Ultima Bank Minnesota

Originating Lender City

WINGER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1529297.21

Forgiveness Date

06/11/2021

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