PPP Loan information for Red river electric inc.

$315,200

Red river electric inc. was initially approved for PPP Loan of amount $315,200, the current approved amount is $315,200. The loan was approved on 04/03/2020 by The Cornerstone Bank reported 24 jobs and $315,200 was used to fund payroll.

Red river electric inc. is Existing or more than 2 years old

PPP Loan Search / MN / MOORHEAD / Red river electric inc.

RED RIVER ELECTRIC INC.

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RED RIVER ELECTRIC INC.

Borrower Address

3345 43rd St S

Borrower City

MOORHEAD

Borrower State

MN

Borrower Zip

56560-6879

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

315200.00

Current Approval Amount

315200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOORHEAD

Project County Name

CLAY

Project State

MN

Project Zip

56560-6879

CD

MN-07

Jobs Reported

24

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

315200.00

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

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

306920.99

Forgiveness Date

11/03/2020

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