Sibley Electric Inc.

$84,000 PPP Loan in Gaylord, Minnesota

Loan Details

Loan Number
1642387402
Date Approved
May 4, 2020
Loan Status
Paid in Full
Initial Approval
$84,000
Current Approval
$84,000
Forgiveness Amount
$84,621
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sibley Electric Inc.
Address
47101 250th St Po Box 794
ZIP Code
55334-2063
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$67,200
Rent
$8,400
Utilities
$8,400

Lender Information

Servicing Lender
Cortrust Bank National Association
Originating Lender
Cortrust Bank National Association

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