B & B Transformer, INC
$300,500 PPP Loan in Farmington, Minnesota
Loan Details
- Loan Number
- 1944397106
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $300,500
- Current Approval
- $300,500
- Forgiveness Amount
- $302,334
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- B & B Transformer, INC
- Address
- 2850 220th St W
- City
- Farmington
- State
- Minnesota
- ZIP Code
- 55024-9737
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (335311)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 28
- Estimated Revenue
- $7.3M
- Rural/Urban
- Urban
- Congressional District
- MN-02
Loan Use Breakdown
- Payroll
- $240,400
- Rent
- $31,600
- Utilities
- $13,200
- Health Care
- $15,300
Lender Information
- Servicing Lender
- Castle Rock Bank
- Originating Lender
- Castle Rock Bank
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