PPP Loan information for Electric & magneto inc.

$68,733

Electric & magneto inc. was initially approved for PPP Loan of amount $68,733, the current approved amount is $68,733. The loan was approved on 01/20/2021 by The First State Bank & Trust reported 6 jobs and $68,733 was used to fund payroll.

Electric & magneto inc. is Existing or more than 2 years old

PPP Loan Search / ND / Williston / Electric & magneto inc.

ELECTRIC & MAGNETO INC.

Date Approved

01/20/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

ELECTRIC & MAGNETO INC.

Borrower Address

24 1st Ave E

Borrower City

Williston

Borrower State

ND

Borrower Zip

58801-6004

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

68733.00

Current Approval Amount

68733.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52990

Servicing Lender Name

First State Bank & Trust

Servicing Lender Address

22 E 4th St

Servicing Lender City

WILLISTON

Servicing Lender State

ND

Servicing Lender Zip

58801-5332

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Williston

Project County Name

WILLIAMS

Project State

ND

Project Zip

58801-6004

CD

ND-

Jobs Reported

6

NAICS Code

811211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

68731.00

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

52990

Originating Lender

First State Bank & Trust

Originating Lender City

WILLISTON

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

69000.29

Forgiveness Date

06/15/2021

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