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Mo-Tech Corporation

$595,855 PPP Loan in Oakdale, Minnesota

Loan Details

Loan Number
5139237208
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$595,855
Current Approval
$595,855
Forgiveness Amount
$600,099
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mo-Tech Corporation
Address
2920 Granada Ave
City
Oakdale
State
Minnesota
ZIP Code
55128-3534
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333511)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.9M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$479,432
Rent
$31,226
Utilities
$20,667
Health Care
$64,530

Lender Information

Servicing Lender
Lake Elmo Bank
Originating Lender
Lake Elmo Bank

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