Red River Electric Inc.

$315,200 PPP Loan in Moorhead, Minnesota

Loan Details

Loan Number
4463177004
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$315,200
Current Approval
$315,200
Forgiveness Amount
$317,005
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Red River Electric Inc.
Address
3345 43rd St S
ZIP Code
56560-6879
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$7.9M
Rural/Urban
Urban
Congressional District
MN-07

Loan Use Breakdown

Payroll
$315,200

Lender Information

Servicing Lender
Cornerstone Bank
Originating Lender
Cornerstone Bank

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