PPP Loan information for Ramsey excavating company

$2,440,200

Ramsey excavating company was initially approved for PPP Loan of amount $2,440,200, the current approved amount is $2,440,200. The loan was approved on 04/07/2020 by The MidCountry Bank reported 101 jobs and $2,440,200 was used to fund payroll.

Ramsey excavating company is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Ramsey excavating company

RAMSEY EXCAVATING COMPANY

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RAMSEY EXCAVATING COMPANY

Borrower Address

8297 BROOKLYN BLVD

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55445-2301

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2440200.00

Current Approval Amount

2440200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

80291

Servicing Lender Name

MidCountry Bank

Servicing Lender Address

7825 Washington Ave South, Ste 120

Servicing Lender City

BLOOMINGTON

Servicing Lender State

MN

Servicing Lender Zip

55439-2431

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55445-2301

CD

MN-03

Jobs Reported

101

NAICS Code

238910

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

1943689.00

Mortgage Interest Proceed

0.00

Rent Proceed

60000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

131511.00

Debt Interest Proceed

300000

Business Type

Subchapter S Corporation

Originating Lender Location Id

80291

Originating Lender

MidCountry Bank

Originating Lender City

BLOOMINGTON

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2468747.00

Forgiveness Date

06/11/2021

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