PPP Loan information for Willmar electric service corp

$1,748,442

Willmar electric service corp was initially approved for PPP Loan of amount $1,748,442, the current approved amount is $1,748,442. The loan was approved on 04/04/2020 by The Heritage Bank, National Association reported 140 jobs and $1,748,442 was used to fund payroll.

Willmar electric service corp is Existing or more than 2 years old

PPP Loan Search / MN / WILLMAR / Willmar electric service corp

WILLMAR ELECTRIC SERVICE CORP

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WILLMAR ELECTRIC SERVICE CORP

Borrower Address

2405 TROTT AVE SW

Borrower City

WILLMAR

Borrower State

MN

Borrower Zip

56201-2726

Loan Status Date

11/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1748442.00

Current Approval Amount

1748442.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39042

Servicing Lender Name

Heritage Bank, National Association

Servicing Lender Address

110 South St West

Servicing Lender City

SPICER

Servicing Lender State

MN

Servicing Lender Zip

56288-4600

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WILLMAR

Project County Name

KANDIYOHI

Project State

MN

Project Zip

56201-2726

CD

MN-07

Jobs Reported

140

NAICS Code

531120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1748442.00

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

Cooperative

Originating Lender Location Id

39042

Originating Lender

Heritage Bank, National Association

Originating Lender City

SPICER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1758070.41

Forgiveness Date

11/03/2020

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