PPP Loan information for Sarelle industries inc

$141,400

Sarelle industries inc was initially approved for PPP Loan of amount $141,400, the current approved amount is $141,400. The loan was approved on 04/04/2020 by The First Bank Elk River reported 9 jobs and $141,400 was used to fund payroll.

Sarelle industries inc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Sarelle industries inc

SARELLE INDUSTRIES INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SARELLE INDUSTRIES INC

Borrower Address

16398 221ST AVE NW

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-5506

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

141400.00

Current Approval Amount

141400.00

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

55330-5506

CD

MN-06

Jobs Reported

9

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7070.00

Payroll Proceed

106050.00

Mortgage Interest Proceed

0.00

Rent Proceed

28280.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

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

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

142692.24

Forgiveness Date

03/08/2021

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