PPP Loan information for Power step inc

$111,022

Power step inc was initially approved for PPP Loan of amount $111,022, the current approved amount is $111,022. The loan was approved on 03/12/2021 by The U.S. Bank, National Association reported 14 jobs and $111,022 was used to fund payroll.

Power step inc is Existing or more than 2 years old

POWER STEP INC

Date Approved

03/12/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

POWER STEP INC

Borrower Address

5014 RICE RD

Borrower City

DULUTH

Borrower State

MN

Borrower Zip

55803

Loan Status Date

03/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

111022.00

Current Approval Amount

111022.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53803

Servicing Lender Name

U.S. Bank, National Association

Servicing Lender Address

425 Walnut St

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45202-3956

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DULUTH

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55803

CD

MN-08

Jobs Reported

14

NAICS Code

332999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

111020.00

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

Subchapter S Corporation

Originating Lender Location Id

53803

Originating Lender

U.S. Bank, National Association

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

112298.75

Forgiveness Date

05/05/2022

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