PPP Loan information for Shear creation, inc.

$46,125

Shear creation, inc. was initially approved for PPP Loan of amount $46,125, the current approved amount is $46,125. The loan was approved on 04/05/2020 by The Frandsen Bank & Trust reported 12 jobs and $46,125 was used to fund payroll.

Shear creation, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DULUTH / Shear creation, inc.

SHEAR CREATION, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SHEAR CREATION, INC.

Borrower Address

5115 BURNING TREE RD

Borrower City

DULUTH

Borrower State

MN

Borrower Zip

55811-1875

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

46125.00

Current Approval Amount

46125.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DULUTH

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55811-1875

CD

MN-08

Jobs Reported

12

NAICS Code

812112

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

36900.00

Mortgage Interest Proceed

0.00

Rent Proceed

4225.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

36342.74

Forgiveness Date

11/23/2020

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