NewBizBot
Try for Free

Low Impact Excavators INC

$133,300 PPP Loan in Ely, Minnesota

Loan Details

Loan Number
4811637008
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$133,300
Current Approval
$133,300
Forgiveness Amount
$134,439
Forgiveness Date
Feb 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Low Impact Excavators INC
Address
440 N 16th Ave E
City
Ely
State
Minnesota
ZIP Code
55731-0600
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
15
Estimated Revenue
$5.1M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$110,300
Rent
$11,000
Utilities
$12,000

Lender Information

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

Other PPP Loans in Ely, MN

BusinessApproved
Ely-Bloomenson Community Hospital & Nursing Home Corporation$2,279,200NewBizBotAI Deep Dive
Zupancich Bros. Inc.$1,009,400NewBizBotAI Deep Dive
Louis Leustek & Sons, Inc.$522,551NewBizBotAI Deep Dive
Grand Ely Lodge LLC$491,050NewBizBotAI Deep Dive
Grand Ely Lodge, LLC$350,750NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free