Jim's Electric Co., Inc.

$414,900 PPP Loan in Baxter, Minnesota

Loan Details

Loan Number
4440877010
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$414,900
Current Approval
$414,900
Forgiveness Amount
$417,924
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Jim's Electric Co., Inc.
Address
8296 Industrial Park Rd
City
Baxter
ZIP Code
56425-8271
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$9.5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$361,500
Rent
$9,700
Utilities
$4,582
Health Care
$32,858
Mortgage Interest
$2,760
Debt Interest
$3,500

Lender Information

Servicing Lender
Mid Minnesota Fcu
Originating Lender
Mid Minnesota Fcu

Other PPP Loans in Baxter, MN

BusinessApproved
Mills Automotive Group, Inc.$3,887,025NewBizBotResearch
Holden Electric Co., INC$1,811,400NewBizBotResearch
Mini Kix Inc.$1,603,067NewBizBotResearch
Mini Kix, Inc.$1,603,000NewBizBotResearch
Lindar Corporation$1,534,116NewBizBotResearch

Want to research this company further?

Try NewBizBot free