Parallel Technologies Inc.

$2,000,000 PPP Loan in Eden Prairie, Minnesota

Loan Details

Loan Number
4337568401
Date Approved
Feb 6, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,015,233
Forgiveness Date
Nov 18, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Parallel Technologies Inc.
Address
7667 Equitable Dr
ZIP Code
55344-3696
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
122
Estimated Revenue
$40.1M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$1,999,995
Utilities
$1

Lender Information

Servicing Lender
Choice Financial Group
Originating Lender
Choice Financial Group

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