PPP Loan information for Med city electric

$51,813

Med city electric was initially approved for PPP Loan of amount $51,813, the current approved amount is $51,813. The loan was approved on 04/09/2020 by The Home Federal Savings Bank reported 7 jobs and $51,813 was used to fund payroll.

Med city electric is New Business or 2 years or less

PPP Loan Search / MN / ROCHESTER / Med city electric

MED CITY ELECTRIC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MED CITY ELECTRIC

Borrower Address

6934 11th Ave SW Suite A

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55902-1873

Loan Status Date

04/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51813.00

Current Approval Amount

51813.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81242

Servicing Lender Name

Home Federal Savings Bank

Servicing Lender Address

1016 Civic Center Dr NW

Servicing Lender City

ROCHESTER

Servicing Lender State

MN

Servicing Lender Zip

55901-1881

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55902-1873

CD

MN-01

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

51813.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

81242

Originating Lender

Home Federal Savings Bank

Originating Lender City

ROCHESTER

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

52286.51

Forgiveness Date

03/11/2021

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