PPP Loan information for Northland machine, inc.

$241,010

Northland machine, inc. was initially approved for PPP Loan of amount $261,775, the current approved amount is $241,010. The loan was approved on 04/14/2020 by The Frandsen Bank & Trust reported 24 jobs and $241,010 was used to fund payroll.

Northland machine, inc. is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Northland machine, inc.

NORTHLAND MACHINE, INC.

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NORTHLAND MACHINE, INC.

Borrower Address

35234 US HWY 2

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

261775.00

Current Approval Amount

241010.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-0001

CD

MN-08

Jobs Reported

24

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21010.00

Payroll Proceed

186000.00

Mortgage Interest Proceed

34000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

242574.91

Forgiveness Date

12/17/2020

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