PPP Loan information for Machine power inc.

$197,050

Machine power inc. was initially approved for PPP Loan of amount $197,050, the current approved amount is $197,050. The loan was approved on 02/06/2021 by The Bremer Bank, National Association reported 21 jobs and $197,050 was used to fund payroll.

Machine power inc. is Existing or more than 2 years old

PPP Loan Search / MN / Mankato / Machine power inc.

MACHINE POWER INC.

Date Approved

02/06/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MACHINE POWER INC.

Borrower Address

1507 1st Ave

Borrower City

Mankato

Borrower State

MN

Borrower Zip

56001-3074

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

197050.00

Current Approval Amount

197050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Mankato

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-3074

CD

MN-01

Jobs Reported

21

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

197050.00

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

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

197967.77

Forgiveness Date

07/30/2021

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