Cole's Electric, Inc.

$380,500 PPP Loan in Owatonna, Minnesota

Loan Details

Loan Number
4626517005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$380,500
Current Approval
$501,400
Forgiveness Amount
$506,043
Forgiveness Date
Mar 18, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Cole's Electric, Inc.
Address
7596 NW 40th St
ZIP Code
55060-5624
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
42
Estimated Revenue
$13.8M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$501,400

Lender Information

Servicing Lender
United Prairie Bank
Originating Lender
United Prairie Bank

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