PPP Loan information for Wells technology inc

$566,500

Wells technology inc was initially approved for PPP Loan of amount $566,500, the current approved amount is $566,500. The loan was approved on 04/04/2020 by The The First National Bank of Bemidji reported 50 jobs and $566,500 was used to fund payroll.

Wells technology inc is Existing or more than 2 years old

PPP Loan Search / MN / BEMIDJI / Wells technology inc

WELLS TECHNOLOGY INC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WELLS TECHNOLOGY INC

Borrower Address

4885 WINDSOR CT

Borrower City

BEMIDJI

Borrower State

MN

Borrower Zip

56601-7659

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

566500.00

Current Approval Amount

566500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36643

Servicing Lender Name

The First National Bank of Bemidji

Servicing Lender Address

1600 Paul Bunyan Dr NW

Servicing Lender City

BEMIDJI

Servicing Lender State

MN

Servicing Lender Zip

56601-4105

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BEMIDJI

Project County Name

BELTRAMI

Project State

MN

Project Zip

56601-7659

CD

MN-08

Jobs Reported

50

NAICS Code

332721

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

566500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36643

Originating Lender

The First National Bank of Bemidji

Originating Lender City

BEMIDJI

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

571456.88

Forgiveness Date

02/24/2021

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