PPP Loan information for Valley power equipment, inc

$194,380

Valley power equipment, inc was initially approved for PPP Loan of amount $194,380, the current approved amount is $194,380. The loan was approved on 04/27/2020 by The Lake Elmo Bank reported 18 jobs and $194,380 was used to fund payroll.

Valley power equipment, inc is Existing or more than 2 years old

PPP Loan Search / MN / STILLWATER / Valley power equipment, inc

VALLEY POWER EQUIPMENT, INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

VALLEY POWER EQUIPMENT, INC

Borrower Address

5920 MEMORIAL AVE

Borrower City

STILLWATER

Borrower State

MN

Borrower Zip

55082-1090

Loan Status Date

04/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

194380.00

Current Approval Amount

194380.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38298

Servicing Lender Name

Lake Elmo Bank

Servicing Lender Address

11465 39th St N

Servicing Lender City

LAKE ELMO

Servicing Lender State

MN

Servicing Lender Zip

55042-7525

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

STILLWATER

Project County Name

WASHINGTON

Project State

MN

Project Zip

55082-1090

CD

MN-04

Jobs Reported

18

NAICS Code

444210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

156380.00

Mortgage Interest Proceed

0.00

Rent Proceed

33000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38298

Originating Lender

Lake Elmo Bank

Originating Lender City

LAKE ELMO

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

196084.15

Forgiveness Date

03/18/2021

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