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Melrose Electric, INC

$761,700 PPP Loan in Melrose, Minnesota

Loan Details

Loan Number
4355957005
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$761,700
Current Approval
$761,700
Forgiveness Amount
$765,999
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Melrose Electric, INC
Address
119 8th Ave NW
City
Melrose
State
Minnesota
ZIP Code
56352-1247
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
58
Estimated Revenue
$19.1M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$741,415
Rent
$8,400
Utilities
$1,327
Health Care
$10,558

Lender Information

Servicing Lender
Freeport State Bank
Originating Lender
Freeport State Bank

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