PPP Loan information for Otter electric llc

$137,850

Otter electric llc was initially approved for PPP Loan of amount $137,850, the current approved amount is $137,850. The loan was approved on 03/26/2021 by The Bremer Bank, National Association reported 11 jobs and $137,850 was used to fund payroll.

Otter electric llc is Existing or more than 2 years old

PPP Loan Search / MN / Fergus Falls / Otter electric llc

OTTER ELECTRIC LLC

Date Approved

03/26/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OTTER ELECTRIC LLC

Borrower Address

503 S Sherman St

Borrower City

Fergus Falls

Borrower State

MN

Borrower Zip

56537-2914

Loan Status Date

05/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

137850.00

Current Approval Amount

137850.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fergus Falls

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-2914

CD

MN-07

Jobs Reported

11

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

137845.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

139277.60

Forgiveness Date

04/12/2022

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