PPP Loan information for Novel energy solutions llc

$1,778,021

Novel energy solutions llc was initially approved for PPP Loan of amount $1,786,500, the current approved amount is $1,778,021. The loan was approved on 04/04/2020 by The First Western Bank & Trust reported 83 jobs and $1,778,021 was used to fund payroll.

Novel energy solutions llc is Existing or more than 2 years old

PPP Loan Search / MN / SAINT PAUL / Novel energy solutions llc

NOVEL ENERGY SOLUTIONS LLC

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NOVEL ENERGY SOLUTIONS LLC

Borrower Address

2303 Wycliff St STE 300

Borrower City

SAINT PAUL

Borrower State

MN

Borrower Zip

55114-1217

Loan Status Date

05/07/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1786500.00

Current Approval Amount

1778020.51

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52905

Servicing Lender Name

First Western Bank & Trust

Servicing Lender Address

900 S Broadway

Servicing Lender City

MINOT

Servicing Lender State

ND

Servicing Lender Zip

58701-4658

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAINT PAUL

Project County Name

RAMSEY

Project State

MN

Project Zip

55114-1217

CD

MN-04

Jobs Reported

83

NAICS Code

221114

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1778020.51

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

Limited Liability Company(LLC)

Originating Lender Location Id

52905

Originating Lender

First Western Bank & Trust

Originating Lender City

MINOT

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1499695.99

Forgiveness Date

01/24/2022

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