PPP Loan information for Preston specialties inc

$200,100

Preston specialties inc was initially approved for PPP Loan of amount $200,100, the current approved amount is $200,100. The loan was approved on 04/09/2020 by The Merchants Bank, National Association reported 18 jobs and $200,100 was used to fund payroll.

Preston specialties inc is Existing or more than 2 years old

PPP Loan Search / MN / LANESBORO / Preston specialties inc

PRESTON SPECIALTIES INC

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRESTON SPECIALTIES INC

Borrower Address

103 COFFEE ST

Borrower City

LANESBORO

Borrower State

MN

Borrower Zip

55949-9748

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

200100.00

Current Approval Amount

200100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANESBORO

Project County Name

FILLMORE

Project State

MN

Project Zip

55949-9748

CD

MN-01

Jobs Reported

18

NAICS Code

322211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1294.00

Payroll Proceed

198806.00

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

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

201967.60

Forgiveness Date

03/22/2021

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