PPP Loan information for Novco, inc

$440,000

Novco, inc was initially approved for PPP Loan of amount $525,000, the current approved amount is $440,000. The loan was approved on 04/14/2020 by The Sentry Bank reported 38 jobs and $440,000 was used to fund payroll.

Novco, inc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Novco, inc

NOVCO, INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NOVCO, INC

Borrower Address

11090 173rd AVE

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-0049

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

525000.00

Current Approval Amount

440000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38828

Servicing Lender Name

Sentry Bank

Servicing Lender Address

400 4th Ave NE

Servicing Lender City

SAINT JOSEPH

Servicing Lender State

MN

Servicing Lender Zip

56374-8644

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK RIVER

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-0049

CD

MN-06

Jobs Reported

38

NAICS Code

484121

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

44000.00

Payroll Proceed

352000.00

Mortgage Interest Proceed

0.00

Rent Proceed

44000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38828

Originating Lender

Sentry Bank

Originating Lender City

SAINT JOSEPH

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

443483.33

Forgiveness Date

02/04/2021

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