PPP Loan information for Otto's welding and machine shop inc

$37,700

Otto's welding and machine shop inc was initially approved for PPP Loan of amount $37,700, the current approved amount is $37,700. The loan was approved on 04/03/2020 by The Valley Premier Bank reported 4 jobs and $37,700 was used to fund payroll.

Otto's welding and machine shop inc is Existing or more than 2 years old

PPP Loan Search / MN / MOORHEAD / Otto's welding and machine shop inc

OTTO'S WELDING AND MACHINE SHOP INC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

OTTO'S WELDING AND MACHINE SHOP INC

Borrower Address

1920 23RD St. S.

Borrower City

MOORHEAD

Borrower State

MN

Borrower Zip

56560-3866

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

37700.00

Current Approval Amount

37700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38219

Servicing Lender Name

Valley Premier Bank

Servicing Lender Address

416 6th St

Servicing Lender City

HAWLEY

Servicing Lender State

MN

Servicing Lender Zip

56549

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOORHEAD

Project County Name

CLAY

Project State

MN

Project Zip

56560-3866

CD

MN-07

Jobs Reported

4

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

37700.00

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

38219

Originating Lender

Valley Premier Bank

Originating Lender City

HAWLEY

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

38037.21

Forgiveness Date

02/22/2021

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