PPP Loan information for Wallace electrical construction inc

$557,100

Wallace electrical construction inc was initially approved for PPP Loan of amount $557,100, the current approved amount is $557,100. The loan was approved on 04/15/2020 by The MidWestOne Bank reported 20 jobs and $557,100 was used to fund payroll.

Wallace electrical construction inc is Existing or more than 2 years old

PPP Loan Search / MN / SOUTH SAINT PAUL / Wallace electrical construction inc

WALLACE ELECTRICAL CONSTRUCTION INC

Date Approved

04/15/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WALLACE ELECTRICAL CONSTRUCTION INC

Borrower Address

218 13th Avenue S, Suite 200

Borrower City

SOUTH SAINT PAUL

Borrower State

MN

Borrower Zip

55075

Loan Status Date

07/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

557100.00

Current Approval Amount

557100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTH SAINT PAUL

Project County Name

DAKOTA

Project State

MN

Project Zip

55075-0001

CD

MN-02

Jobs Reported

20

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

34818.75

Payroll Proceed

417825.00

Mortgage Interest Proceed

34818.75

Rent Proceed

34818.75

Refinance EIDL Proceed

34818.75

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

563537.60

Forgiveness Date

06/11/2021

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