Amerect Inc.

$1,528,384 PPP Loan in Newport, Minnesota

Loan Details

Loan Number
3157458608
Date Approved
Mar 16, 2021
Loan Status
Paid in Full
Initial Approval
$1,528,384
Current Approval
$1,528,384
Forgiveness Amount
$1,537,384
Forgiveness Date
Oct 26, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Amerect Inc.
Address
1110 7th Ave
ZIP Code
55055-1207
Business Type
Corporation
Industry (NAICS)
Construction (238120)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$6.7M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$1,528,380
Utilities
$1

Lender Information

Servicing Lender
Alliance Bank
Originating Lender
Alliance Bank

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