PPP Loan information for Parallel technologies, inc.

$2,444,600

Parallel technologies, inc. was initially approved for PPP Loan of amount $2,444,600, the current approved amount is $2,444,600. The loan was approved on 04/04/2020 by The Choice Financial Group reported 120 jobs and $2,444,600 was used to fund payroll.

Parallel technologies, inc. is Existing or more than 2 years old

PPP Loan Search / MN / EDEN PRAIRIE / Parallel technologies, inc.

PARALLEL TECHNOLOGIES, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PARALLEL TECHNOLOGIES, INC.

Borrower Address

7667 Equitable Drive

Borrower City

EDEN PRAIRIE

Borrower State

MN

Borrower Zip

55344-3676

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2444600.00

Current Approval Amount

2444600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52934

Servicing Lender Name

Choice Financial Group

Servicing Lender Address

4501 23rd Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8782

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EDEN PRAIRIE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55344-3676

CD

MN-03

Jobs Reported

120

NAICS Code

238990

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2444600.00

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

52934

Originating Lender

Choice Financial Group

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2471457.11

Forgiveness Date

05/24/2021

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