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Loen Electric Inc.

$407,967 PPP Loan in Benson, Minnesota

Loan Details

Loan Number
5178248602
Date Approved
Mar 20, 2021
Loan Status
Paid in Full
Initial Approval
$407,967
Current Approval
$407,967
Forgiveness Amount
$410,661
Forgiveness Date
Nov 22, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Loen Electric Inc.
Address
2125 Minnesota Ave
City
Benson
State
Minnesota
ZIP Code
56215-2101
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$8.9M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$407,963
Utilities
$1

Lender Information

Servicing Lender
Bremer Bank, National Association
Originating Lender
Bremer Bank, National Association

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