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K & W Electric, INC

$45,200 PPP Loan in Fairmont, Minnesota

Loan Details

Loan Number
5442857002
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$45,200
Current Approval
$45,200
Forgiveness Amount
$45,534
Forgiveness Date
Jan 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
K & W Electric, INC
Address
800 Armstrong Dr
City
Fairmont
State
Minnesota
ZIP Code
56031-1484
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$33,900
Rent
$4,000
Utilities
$3,300
Mortgage Interest
$4,000

Lender Information

Servicing Lender
First Farmers & Merchants National Bank
Originating Lender
First Farmers & Merchants National Bank

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