PPP Loan information for Reichel painting company, inc.

$173,000

Reichel painting company, inc. was initially approved for PPP Loan of amount $173,000, the current approved amount is $173,000. The loan was approved on 04/08/2020 by The Community Bank Mankato reported 11 jobs and $173,000 was used to fund payroll.

Reichel painting company, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / Reichel painting company, inc.

REICHEL PAINTING COMPANY, INC.

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REICHEL PAINTING COMPANY, INC.

Borrower Address

98 COPPER MOUNTAIN DR

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-6623

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

173000.00

Current Approval Amount

173000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38968

Servicing Lender Name

Community Bank Mankato

Servicing Lender Address

201 E Main St

Servicing Lender City

VERNON CENTER

Servicing Lender State

MN

Servicing Lender Zip

56090

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANKATO

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-6623

CD

MN-01

Jobs Reported

11

NAICS Code

238320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

17300.00

Payroll Proceed

138400.00

Mortgage Interest Proceed

17300.00

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

38968

Originating Lender

Community Bank Mankato

Originating Lender City

VERNON CENTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

174364.78

Forgiveness Date

01/20/2021

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