Brown Electric Inc.

$30,000 PPP Loan in Babbitt, Minnesota

Loan Details

Loan Number
1973257207
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$30,000
Current Approval
$30,000
Forgiveness Amount
$30,253
Forgiveness Date
Mar 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Brown Electric Inc.
Address
2924 Highway 21
ZIP Code
55706
Business Type
Sole Proprietorship
Industry (NAICS)
Construction (236118)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$30,000

Lender Information

Servicing Lender
Customers Bank
Originating Lender
Readycap Lending, LLC

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