PPP Loan information for Midland electric inc

$52,300

Midland electric inc was initially approved for PPP Loan of amount $52,300, the current approved amount is $52,300. The loan was approved on 04/09/2020 by The Merchants Bank, National Association reported 5 jobs and $52,300 was used to fund payroll.

Midland electric inc is Existing or more than 2 years old

PPP Loan Search / MN / LAKEVILLE / Midland electric inc

MIDLAND ELECTRIC INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MIDLAND ELECTRIC INC

Borrower Address

22691 Red Rox Drive

Borrower City

LAKEVILLE

Borrower State

MN

Borrower Zip

55044-8325

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52300.00

Current Approval Amount

52300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKEVILLE

Project County Name

SCOTT

Project State

MN

Project Zip

55044-8325

CD

MN-02

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

200.00

Payroll Proceed

52100.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

52754.72

Forgiveness Date

02/25/2021

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