PPP Loan information for Preferred powder coating llc

$521,000

Preferred powder coating llc was initially approved for PPP Loan of amount $521,000, the current approved amount is $521,000. The loan was approved on 04/03/2020 by The First Bank Elk River reported 55 jobs and $521,000 was used to fund payroll.

Preferred powder coating llc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Preferred powder coating llc

PREFERRED POWDER COATING LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PREFERRED POWDER COATING LLC

Borrower Address

10846 170th Ave NW

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-6335

Loan Status Date

05/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

521000.00

Current Approval Amount

521000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38033

Servicing Lender Name

First Bank Elk River

Servicing Lender Address

812 Main St NW

Servicing Lender City

ELK RIVER

Servicing Lender State

MN

Servicing Lender Zip

55330-1575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELK RIVER

Project County Name

SHERBURNE

Project State

MN

Project Zip

55330-6335

CD

MN-06

Jobs Reported

55

NAICS Code

332812

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

52115.00

Payroll Proceed

410870.00

Mortgage Interest Proceed

0.00

Rent Proceed

52115.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5900.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

523995.75

Forgiveness Date

11/09/2020

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