Date Approved
03/05/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
SIMCO ELECTRIC LLC
Borrower Address
3947 E Calvary Rd Ste 103
Borrower City
Duluth
Borrower State
MN
Borrower Zip
55803-1310
Loan Status Date
09/15/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
112500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38689
Servicing Lender Name
Frandsen Bank & Trust
Servicing Lender Address
116 W Central St
Servicing Lender City
LONSDALE
Servicing Lender State
Servicing Lender Zip
55046-9626
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
SAINT LOUIS
Project State
Project Zip
CD
MN-08
Jobs Reported
9
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
112986.99
Forgiveness Date
08/23/2021