PPP Loan information for Phase electric, incorporated

$1,189,400

Phase electric, incorporated was initially approved for PPP Loan of amount $1,243,700, the current approved amount is $1,189,400. The loan was approved on 04/04/2020 by The Choice Financial Group reported 108 jobs and $1,189,400 was used to fund payroll.

Phase electric, incorporated is Existing or more than 2 years old

PPP Loan Search / MN / Bloomington / Phase electric, incorporated

PHASE ELECTRIC, INCORPORATED

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PHASE ELECTRIC, INCORPORATED

Borrower Address

9401 JAMES AVE S STE 150

Borrower City

Bloomington

Borrower State

MN

Borrower Zip

55431-2500

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1243700.00

Current Approval Amount

1189400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52934

Servicing Lender Name

Choice Financial Group

Servicing Lender Address

4501 23rd Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8782

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bloomington

Project County Name

HENNEPIN

Project State

MN

Project Zip

55431-2500

CD

MN-03

Jobs Reported

108

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1189400.00

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

Corporation

Originating Lender Location Id

52934

Originating Lender

Choice Financial Group

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1200577.10

Forgiveness Date

03/25/2021

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