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Amerect, Inc.

$159,500 PPP Loan in Newport, Minnesota

Loan Details

Loan Number
4705837103
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$159,500
Current Approval
$159,500
Forgiveness Amount
$160,492
Forgiveness Date
Dec 8, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Amerect, Inc.
Address
1110 Seventh Avenue
City
Newport
State
Minnesota
ZIP Code
55055-1207
Business Type
Corporation
Industry (NAICS)
Construction (238130)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$159,500

Lender Information

Servicing Lender
Alliance Bank
Originating Lender
Alliance Bank

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