PPP Loan information for Cole's electric, inc.

$501,400

Cole's electric, inc. was initially approved for PPP Loan of amount $380,500, the current approved amount is $501,400. The loan was approved on 04/04/2020 by The United Prairie Bank reported 42 jobs and $501,400 was used to fund payroll.

Cole's electric, inc. is Existing or more than 2 years old

PPP Loan Search / MN / OWATONNA / Cole's electric, inc.

COLE'S ELECTRIC, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

COLE'S ELECTRIC, INC.

Borrower Address

7596 NW 40TH ST

Borrower City

OWATONNA

Borrower State

MN

Borrower Zip

55060-5624

Loan Status Date

04/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

380500.00

Current Approval Amount

501400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38650

Servicing Lender Name

United Prairie Bank

Servicing Lender Address

1141 Third Ave

Servicing Lender City

MOUNTAIN LAKE

Servicing Lender State

MN

Servicing Lender Zip

56159-1594

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OWATONNA

Project County Name

STEELE

Project State

MN

Project Zip

55060-5624

CD

MN-01

Jobs Reported

42

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

501400.00

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

38650

Originating Lender

United Prairie Bank

Originating Lender City

MOUNTAIN LAKE

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

506043.10

Forgiveness Date

03/18/2021

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