PPP Loan information for Michels reed inc

$2,600

Michels reed inc was initially approved for PPP Loan of amount $2,600, the current approved amount is $2,600. The loan was approved on 03/26/2021 by The HomeTown Bank reported 2 jobs and $2,600 was used to fund payroll.

Michels reed inc is Existing or more than 2 years old

MICHELS REED INC

Date Approved

03/26/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MICHELS REED INC

Borrower Address

47442 County Road 13

Borrower City

Saint Peter

Borrower State

MN

Borrower Zip

56082-5050

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2600.00

Current Approval Amount

2600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88597

Servicing Lender Name

HomeTown Bank

Servicing Lender Address

1000 E Cook St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1941

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Saint Peter

Project County Name

NICOLLET

Project State

MN

Project Zip

56082-5050

CD

MN-01

Jobs Reported

2

NAICS Code

531120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2600.00

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

88597

Originating Lender

HomeTown Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2607.66

Forgiveness Date

07/14/2021

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