PPP Loan information for Timron precision gear inc

$450,000

Timron precision gear inc was initially approved for PPP Loan of amount $450,000, the current approved amount is $450,000. The loan was approved on 04/14/2020 by The First Bank Elk River reported 38 jobs and $450,000 was used to fund payroll.

Timron precision gear inc is Existing or more than 2 years old

PPP Loan Search / MN / ELK RIVER / Timron precision gear inc

TIMRON PRECISION GEAR INC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TIMRON PRECISION GEAR INC

Borrower Address

19231 INDUSTRIAL BLVD

Borrower City

ELK RIVER

Borrower State

MN

Borrower Zip

55330-2430

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

450000.00

Current Approval Amount

450000.00

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

55330-2430

CD

MN-06

Jobs Reported

38

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

22500.00

Payroll Proceed

337500.00

Mortgage Interest Proceed

0.00

Rent Proceed

90000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38033

Originating Lender

First Bank Elk River

Originating Lender City

ELK RIVER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

453375.00

Forgiveness Date

01/20/2021

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