PPP Loan information for Mcd express, inc

$301,500

Mcd express, inc was initially approved for PPP Loan of amount $301,500, the current approved amount is $301,500. The loan was approved on 04/08/2020 by The 1st United Bank reported 39 jobs and $301,500 was used to fund payroll.

Mcd express, inc is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Mcd express, inc

MCD EXPRESS, INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MCD EXPRESS, INC

Borrower Address

119 IRVING AVE

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-4941

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

301500.00

Current Approval Amount

301500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88765

Servicing Lender Name

1st United Bank

Servicing Lender Address

430 NW Fourth St

Servicing Lender City

FARIBAULT

Servicing Lender State

MN

Servicing Lender Zip

55021-5031

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

55021-4941

CD

MN-01

Jobs Reported

39

NAICS Code

484121

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

0.00

Mortgage Interest Proceed

291009.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

10491.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

88765

Originating Lender

1st United Bank

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

303845.00

Forgiveness Date

01/25/2021

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