Bermo Inc.

$2,000,000 PPP Loan in Circle Pines, Minnesota

Loan Details

Loan Number
3615358306
Date Approved
Jan 22, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,009,918
Forgiveness Date
Jul 29, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Bermo Inc.
Address
4501 Ball Rd NE
ZIP Code
55014-1818
Business Type
Corporation
Industry (NAICS)
Manufacturing (332322)
Business Age
Existing or more than 2 years old
Jobs Reported
124
Estimated Revenue
$30.3M
Rural/Urban
Urban
Congressional District
MN-06

Loan Use Breakdown

Payroll
$1,999,997
Utilities
$1

Lender Information

Servicing Lender
Midcountry Bank
Originating Lender
Midcountry Bank

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