PPP Loan information for Choice tool, inc.

$37,300

Choice tool, inc. was initially approved for PPP Loan of amount $37,300, the current approved amount is $37,300. The loan was approved on 04/27/2020 by The MidWestOne Bank reported 3 jobs and $37,300 was used to fund payroll.

Choice tool, inc. is New Business or 2 years or less

PPP Loan Search / MN / Minnetonka / Choice tool, inc.

CHOICE TOOL, INC.

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CHOICE TOOL, INC.

Borrower Address

4430 Loretta Lane

Borrower City

Minnetonka

Borrower State

MN

Borrower Zip

55345

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

37300.00

Current Approval Amount

37300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Minnetonka

Project County Name

HENNEPIN

Project State

MN

Project Zip

55345-0001

CD

MN-03

Jobs Reported

3

NAICS Code

326199

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

37300.00

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

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

37714.44

Forgiveness Date

06/09/2021

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