PPP Loan information for The design element, llc

$59,000

The design element, llc was initially approved for PPP Loan of amount $59,000, the current approved amount is $59,000. The loan was approved on 04/03/2020 by The MinnStar Bank National Association reported 7 jobs and $59,000 was used to fund payroll.

The design element, llc is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / The design element, llc

THE DESIGN ELEMENT, LLC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

THE DESIGN ELEMENT, LLC

Borrower Address

1711 Premier Drive

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-6048

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

59000.00

Current Approval Amount

59000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38295

Servicing Lender Name

MinnStar Bank National Association

Servicing Lender Address

202 N Main St

Servicing Lender City

LAKE CRYSTAL

Servicing Lender State

MN

Servicing Lender Zip

56055

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

56001-6048

CD

MN-01

Jobs Reported

7

NAICS Code

442299

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

59000.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

38295

Originating Lender

MinnStar Bank National Association

Originating Lender City

LAKE CRYSTAL

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

59444.14

Forgiveness Date

01/07/2021

;