PPP Loan information for B & b transformer, inc

$300,500

B & b transformer, inc was initially approved for PPP Loan of amount $300,500, the current approved amount is $300,500. The loan was approved on 04/10/2020 by The Castle Rock Bank reported 28 jobs and $300,500 was used to fund payroll.

B & b transformer, inc is Existing or more than 2 years old

PPP Loan Search / MN / FARMINGTON / B & b transformer, inc

B & B TRANSFORMER, INC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

B & B TRANSFORMER, INC

Borrower Address

2850 220TH ST W

Borrower City

FARMINGTON

Borrower State

MN

Borrower Zip

55024-9737

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

300500.00

Current Approval Amount

300500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36715

Servicing Lender Name

Castle Rock Bank

Servicing Lender Address

27925 Danville Ave

Servicing Lender City

CASTLE ROCK

Servicing Lender State

MN

Servicing Lender Zip

55010

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON

Project County Name

DAKOTA

Project State

MN

Project Zip

55024-9737

CD

MN-02

Jobs Reported

28

NAICS Code

335311

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13200.00

Payroll Proceed

240400.00

Mortgage Interest Proceed

0.00

Rent Proceed

31600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15300.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36715

Originating Lender

Castle Rock Bank

Originating Lender City

CASTLE ROCK

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

292251.07

Forgiveness Date

11/23/2020

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