Cedar Lake Electric, Inc.
$575,000 PPP Loan in Faribault, Minnesota
Loan Details
- Loan Number
- 1633447100
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $575,000
- Current Approval
- $575,000
- Forgiveness Amount
- $578,690
- Forgiveness Date
- Dec 4, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Cedar Lake Electric, Inc.
- Address
- 20700 Bagley Ave
- City
- Faribault
- State
- Minnesota
- ZIP Code
- 55021-7836
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 32
- Estimated Revenue
- $10.5M
- Rural/Urban
- Urban
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $575,000
Lender Information
- Servicing Lender
- Merchants Bank, National Association
- Originating Lender
- Merchants Bank National Association
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