PPP Loan information for Midwest cutters inc

$86,200

Midwest cutters inc was initially approved for PPP Loan of amount $86,200, the current approved amount is $86,200. The loan was approved on 08/07/2020 by The Magnifi Financial CU reported 14 jobs and $86,200 was used to fund payroll.

Midwest cutters inc is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Midwest cutters inc

MIDWEST CUTTERS INC

Date Approved

08/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDWEST CUTTERS INC

Borrower Address

2508 Heritage Hills Dr

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55437

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

86200.00

Current Approval Amount

86200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55437-1000

CD

MN-03

Jobs Reported

14

NAICS Code

812111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

86200.00

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

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87614.62

Forgiveness Date

04/06/2022

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