PPP Loan information for Loyal electric inc

$43,000

Loyal electric inc was initially approved for PPP Loan of amount $43,000, the current approved amount is $43,000. The loan was approved on 04/15/2020 by The First Bank & Trust reported 7 jobs and $43,000 was used to fund payroll.

Loyal electric inc is Existing or more than 2 years old

PPP Loan Search / SD / MADISON / Loyal electric inc

LOYAL ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0876

Processing Method

PPP

Borrower Name

LOYAL ELECTRIC INC

Borrower Address

23415 455th Ave

Borrower City

MADISON

Borrower State

SD

Borrower Zip

57042

Loan Status Date

06/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

43000.00

Current Approval Amount

43000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66463

Servicing Lender Name

First Bank & Trust

Servicing Lender Address

520 6th St

Servicing Lender City

BROOKINGS

Servicing Lender State

SD

Servicing Lender Zip

57006-2028

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

LAKE

Project State

SD

Project Zip

57042-0001

CD

SD-

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

43000.00

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

66463

Originating Lender

First Bank & Trust

Originating Lender City

BROOKINGS

Originating Lender State

SD

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

43468.22

Forgiveness Date

05/18/2021

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