PPP Loan information for Mrg tool and die corp

$914,300

Mrg tool and die corp was initially approved for PPP Loan of amount $914,300, the current approved amount is $914,300. The loan was approved on 04/06/2020 by The 1st United Bank reported 71 jobs and $914,300 was used to fund payroll.

Mrg tool and die corp is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Mrg tool and die corp

MRG TOOL AND DIE CORP

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MRG TOOL AND DIE CORP

Borrower Address

1100 CANNON CIR

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-3619

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

914300.00

Current Approval Amount

914300.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-3619

CD

MN-01

Jobs Reported

71

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

869945.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

44355.00

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

Unanswered

Non Profit

Forgiveness Amount

920039.77

Forgiveness Date

11/27/2020

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