Date Approved
04/09/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
STEEL MACHINING, INC.
Borrower Address
515 ITASCA ST
Borrower City
GRAND RAPIDS
Borrower State
MN
Borrower Zip
55744-2942
Loan Status Date
02/12/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
4600.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38669
Servicing Lender Name
Lake Region Bank
Servicing Lender Address
51 Main St
Servicing Lender City
NEW LONDON
Servicing Lender State
Servicing Lender Zip
56273
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ITASCA
Project State
Project Zip
CD
MN-08
Jobs Reported
3
NAICS Code
332999
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
460.00
Payroll Proceed
3680.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
4634.24
Forgiveness Date
01/07/2021