PPP Loan information for Palmer industrial capital, inc

$83,200

Palmer industrial capital, inc was initially approved for PPP Loan of amount $83,200, the current approved amount is $83,200. The loan was approved on 04/27/2020 by The MidWestOne Bank reported 13 jobs and $83,200 was used to fund payroll.

Palmer industrial capital, inc is New Business or 2 years or less

PPP Loan Search / MN / Elk River / Palmer industrial capital, inc

PALMER INDUSTRIAL CAPITAL, INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PALMER INDUSTRIAL CAPITAL, INC

Borrower Address

9944 Highway 10 NW

Borrower City

Elk River

Borrower State

MN

Borrower Zip

55330

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83200.00

Current Approval Amount

83200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Elk River

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-0001

CD

MN-06

Jobs Reported

13

NAICS Code

337212

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

83200.00

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

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

84032.00

Forgiveness Date

04/28/2021

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