Otte Excavating INC

$122,600 PPP Loan in Randolph, Minnesota

Loan Details

Loan Number
1867237110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$122,600
Current Approval
$122,600
Forgiveness Amount
$123,305
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Otte Excavating INC
Address
1500 280th St E
ZIP Code
55065-7515
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237990)
Business Age
Existing or more than 2 years old
Jobs Reported
10
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$98,200
Rent
$12,300
Utilities
$1,400
Health Care
$10,700

Lender Information

Servicing Lender
Castle Rock Bank
Originating Lender
Castle Rock Bank

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