PPP Loan information for Newteam, llc

$4,304,800

Newteam, llc was initially approved for PPP Loan of amount $4,304,800, the current approved amount is $4,304,800. The loan was approved on 04/15/2020 by The Alerus Financial, National Association reported 304 jobs and $4,304,800 was used to fund payroll.

Newteam, llc is Existing or more than 2 years old

PPP Loan Search / MN / FOREST LAKE / Newteam, llc

NEWTEAM, LLC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEWTEAM, LLC

Borrower Address

20697 Fenway Ave N

Borrower City

FOREST LAKE

Borrower State

MN

Borrower Zip

55025-8103

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4304800.00

Current Approval Amount

4304800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOREST LAKE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55025-8103

CD

MN-08

Jobs Reported

304

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4304800.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4354783.51

Forgiveness Date

06/16/2021

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