PPP Loan information for Ako electric inc

$19,700

Ako electric inc was initially approved for PPP Loan of amount $19,700, the current approved amount is $19,700. The loan was approved on 04/28/2020 by The CorTrust Bank National Association reported 2 jobs and $19,700 was used to fund payroll.

Ako electric inc is Existing or more than 2 years old

PPP Loan Search / MN / GLENCOE / Ako electric inc

AKO ELECTRIC INC

Date Approved

04/28/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AKO ELECTRIC INC

Borrower Address

10878 160th Street

Borrower City

GLENCOE

Borrower State

MN

Borrower Zip

55336-7420

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

19700.00

Current Approval Amount

19700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

66414

Servicing Lender Name

CorTrust Bank National Association

Servicing Lender Address

100 E Havens Ave

Servicing Lender City

MITCHELL

Servicing Lender State

SD

Servicing Lender Zip

57301-4026

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLENCOE

Project County Name

MCLEOD

Project State

MN

Project Zip

55336-7420

CD

MN-07

Jobs Reported

2

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2463.00

Payroll Proceed

14775.00

Mortgage Interest Proceed

2462.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

66414

Originating Lender

CorTrust Bank National Association

Originating Lender City

MITCHELL

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

19804.71

Forgiveness Date

11/19/2020

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