Date Approved
01/28/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
NEW TECH ELECTRIC SYSTEMS INC
Borrower Address
397 Bridgepoint Dr
Borrower City
South Saint Paul
Borrower State
MN
Borrower Zip
55075-2466
Loan Status Date
04/07/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
160987.50
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
21641
Servicing Lender Name
Old National Bank
Servicing Lender Address
One Main St
Servicing Lender City
EVANSVILLE
Servicing Lender State
IN
Servicing Lender Zip
47708-1449
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
DAKOTA
Project State
Project Zip
CD
MN-02
Jobs Reported
17
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
160985.50
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
162760.57
Forgiveness Date
03/08/2022