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Malton Electric Company

$446,500 PPP Loan in Virginia, Minnesota

Loan Details

Loan Number
4413368501
Date Approved
Feb 25, 2021
Loan Status
Paid in Full
Initial Approval
$446,500
Current Approval
$446,500
Forgiveness Amount
$449,314
Forgiveness Date
Oct 20, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Malton Electric Company
Address
1505 Chestnut St W
City
Virginia
State
Minnesota
ZIP Code
55792-3418
Business Type
Corporation
Industry (NAICS)
Manufacturing (335313)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$8.4M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$446,499

Lender Information

Servicing Lender
Bmo Bank National Association
Originating Lender
Bmo Bank National Association

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