PPP Loan information for Interstate improvement inc

$1,636,200

Interstate improvement inc was initially approved for PPP Loan of amount $1,636,200, the current approved amount is $1,636,200. The loan was approved on 04/06/2020 by The Merchants Bank, National Association reported 70 jobs and $1,636,200 was used to fund payroll.

Interstate improvement inc is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Interstate improvement inc

INTERSTATE IMPROVEMENT INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

INTERSTATE IMPROVEMENT INC

Borrower Address

16871 CANBY AVE PO BOX 8

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-8553

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1636200.00

Current Approval Amount

1636200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-8553

CD

MN-01

Jobs Reported

70

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1626200.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1647517.05

Forgiveness Date

12/22/2020

;