Power Process Equipment INC

$672,200 PPP Loan in Chanhassen, Minnesota

Loan Details

Loan Number
1332957107
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$672,200
Current Approval
$672,200
Forgiveness Amount
$676,252
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Process Equipment INC
Address
1660 Lake Drive W
ZIP Code
55317-8583
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423830)
Business Age
Existing or more than 2 years old
Jobs Reported
38
Estimated Revenue
$11.6M
Rural/Urban
Urban
Congressional District
MN-06

Loan Use Breakdown

Payroll
$672,200

Lender Information

Servicing Lender
Htlf Bank
Originating Lender
Minnesota Bank and Trust, a Division of Htlf Bank

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