P & T Electric INC

$453,040 PPP Loan in La Crescent, Minnesota

Loan Details

Loan Number
2191967110
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$453,040
Current Approval
$453,040
Forgiveness Amount
$456,488
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
P & T Electric INC
Address
1122 S Oak St
ZIP Code
55947-1560
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$8.9M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$442,235
Rent
$8,237
Utilities
$2,568

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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