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Razor Edge Systems, Inc.

$256,500 PPP Loan in Ely, Minnesota

Loan Details

Loan Number
4793607005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$256,500
Current Approval
$256,500
Forgiveness Amount
$258,271
Forgiveness Date
Dec 22, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Razor Edge Systems, Inc.
Address
303 N 17th Ave
City
Ely
State
Minnesota
ZIP Code
55731-1853
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332215)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$5.9M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$250,000
Rent
$3,500
Utilities
$3,000

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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