Date Approved
04/28/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
SIMCO ELECTRIC, LLC
Borrower Address
3947 E Calvary Rd
Borrower City
DULUTH
Borrower State
MN
Borrower Zip
55803
Loan Status Date
02/12/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
212500.00
Current Approval Amount
162490.00
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
Unanswered
Project City
Project County Name
SAINT LOUIS
Project State
Project Zip
55803-1100
CD
MN-08
Jobs Reported
13
NAICS Code
238210
Race
Ethnicity
Not Hispanic or Latino
Utilities Proceed
3000.00
Payroll Proceed
154490.00
Mortgage Interest Proceed
5000.00
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
163656.37
Forgiveness Date
01/25/2021