PPP Loan information for River city electric co

$157,148

River city electric co was initially approved for PPP Loan of amount $157,148, the current approved amount is $157,148. The loan was approved on 01/20/2021 by The West Bank reported 7 jobs and $157,148 was used to fund payroll.

River city electric co is Existing or more than 2 years old

PPP Loan Search / MN / Mankato / River city electric co

RIVER CITY ELECTRIC CO

Date Approved

01/20/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

RIVER CITY ELECTRIC CO

Borrower Address

1905 1st Ave

Borrower City

Mankato

Borrower State

MN

Borrower Zip

56001-3075

Loan Status Date

02/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

157147.50

Current Approval Amount

157147.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25587

Servicing Lender Name

West Bank

Servicing Lender Address

1601 22nd St

Servicing Lender City

WEST DES MOINES

Servicing Lender State

IA

Servicing Lender Zip

50266-1408

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Mankato

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-3075

CD

MN-01

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

157145.50

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

25587

Originating Lender

West Bank

Originating Lender City

WEST DES MOINES

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

158718.98

Forgiveness Date

01/28/2022

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