Sarelle Industries INC

$141,400 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
4671327006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$141,400
Current Approval
$141,400
Forgiveness Amount
$142,692
Forgiveness Date
Mar 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sarelle Industries INC
Address
16398 221st Ave NW
ZIP Code
55330-5506
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$106,050
Rent
$28,280
Utilities
$7,070

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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