Lubrication Technologies, Inc.
$10,000,000 PPP Loan in Golden Valley, Minnesota
Loan Details
- Loan Number
- 1747147102
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $10,000,000
- Current Approval
- $10,000,000
- Forgiveness Amount
- $10,115,967
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Lubrication Technologies, Inc.
- Address
- 900 Mendelssohn Ave N 0.0
- City
- Golden Valley
- State
- Minnesota
- ZIP Code
- 55427-4309
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (324191)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $495.9M
- Rural/Urban
- Urban
- Congressional District
- MN-05
Loan Use Breakdown
- Payroll
- $7,559,966
- Rent
- $885,582
- Utilities
- $420,457
- Health Care
- $1,133,995
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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