Versacon, Inc.

$390,825 PPP Loan in New Hope, Minnesota

Loan Details

Loan Number
3123167207
Date Approved
Apr 16, 2020
Loan Status
Paid in Full
Initial Approval
$390,825
Current Approval
$390,825
Forgiveness Amount
$394,241
Forgiveness Date
Mar 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Versacon, Inc.
Address
9443 Science Center Drive
ZIP Code
55428
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237990)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$6.5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$293,119
Mortgage Interest
$97,706

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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