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Mcgrath Electric Inc.

$129,710 PPP Loan in Welch, Minnesota

Loan Details

Loan Number
4077037206
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$129,710
Current Approval
$129,710
Forgiveness Amount
$130,686
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mcgrath Electric Inc.
Address
22984 165th Ave
City
Welch
State
Minnesota
ZIP Code
55089
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$129,710

Lender Information

Servicing Lender
Vermillion State Bank
Originating Lender
Vermillion State Bank

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