PPP Loan information for Nelson electrical solutions, inc.

$40,540

Nelson electrical solutions, inc. was initially approved for PPP Loan of amount $40,540, the current approved amount is $40,540. The loan was approved on 04/15/2020 by The State Bank of Lakota reported 4 jobs and $40,540 was used to fund payroll.

Nelson electrical solutions, inc. is New Business or 2 years or less

PPP Loan Search / ND / LAKOTA / Nelson electrical solutions, inc.

NELSON ELECTRICAL SOLUTIONS, INC.

Date Approved

04/15/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

NELSON ELECTRICAL SOLUTIONS, INC.

Borrower Address

411 5TH ST E

Borrower City

LAKOTA

Borrower State

ND

Borrower Zip

58344-7414

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

40540.00

Current Approval Amount

40540.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52864

Servicing Lender Name

State Bank of Lakota

Servicing Lender Address

125 Main St

Servicing Lender City

LAKOTA

Servicing Lender State

ND

Servicing Lender Zip

58344-7105

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

LAKOTA

Project County Name

NELSON

Project State

ND

Project Zip

58344-7414

CD

ND-

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

33740.00

Mortgage Interest Proceed

1000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

4800.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52864

Originating Lender

State Bank of Lakota

Originating Lender City

LAKOTA

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

35774.96

Forgiveness Date

12/15/2020

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