Formacoat, LLC

$215,300 PPP Loan in Savage, Minnesota

Loan Details

Loan Number
4892417002
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$215,300
Current Approval
$215,300
Forgiveness Amount
$216,828
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Formacoat, LLC
Address
12500 Zinran Ave
City
Savage
ZIP Code
55378-1081
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (339112)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.6M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$215,300

Lender Information

Servicing Lender
Nicolet National Bank
Originating Lender
Nicolet National Bank

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