PPP Loan information for Nortech systems incorporated

$6,077,039

Nortech systems incorporated was initially approved for PPP Loan of amount $6,077,039, the current approved amount is $6,077,039. The loan was approved on 04/14/2020 by The Bank of America, National Association reported 478 jobs and $6,077,039 was used to fund payroll.

Nortech systems incorporated is Unanswered

PPP Loan Search / MN / MAPLE GROVE / Nortech systems incorporated

NORTECH SYSTEMS INCORPORATED

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORTECH SYSTEMS INCORPORATED

Borrower Address

7550 Meridian Cir N Ste 150

Borrower City

MAPLE GROVE

Borrower State

MN

Borrower Zip

55369-4932

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

6077039.00

Current Approval Amount

6077039.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Unanswered

Project City

MAPLE GROVE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55369-4932

CD

MN-03

Jobs Reported

478

NAICS Code

334510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

6077039.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

6170275.76

Forgiveness Date

11/04/2021

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