PPP Loan information for Electromatics inc

$59,400

Electromatics inc was initially approved for PPP Loan of amount $59,400, the current approved amount is $59,400. The loan was approved on 04/10/2020 by The Deerwood Bank reported 4 jobs and $59,400 was used to fund payroll.

Electromatics inc is Existing or more than 2 years old

PPP Loan Search / MN / SAINT CLOUD / Electromatics inc

ELECTROMATICS INC

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ELECTROMATICS INC

Borrower Address

8448 Old Highway Road No

Borrower City

SAINT CLOUD

Borrower State

MN

Borrower Zip

56301

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

59400.00

Current Approval Amount

59400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT CLOUD

Project County Name

STEARNS

Project State

MN

Project Zip

56301-0001

CD

MN-06

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2400.00

Payroll Proceed

47600.00

Mortgage Interest Proceed

0.00

Rent Proceed

3500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5900.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

59890.05

Forgiveness Date

02/09/2021

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