NewBizBot
Try for Free

Oak Electric Service Incorporated

$35,400 PPP Loan in Melrose, Minnesota

Loan Details

Loan Number
5596947008
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$35,400
Current Approval
$40,600
Forgiveness Amount
$40,835
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Oak Electric Service Incorporated
Address
36484 300th Avenue
City
Melrose
State
Minnesota
ZIP Code
56352-8314
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$32,558
Rent
$2,000
Utilities
$6,042

Lender Information

Servicing Lender
Magnifi Financial Cu
Originating Lender
Magnifi Financial Cu

Other PPP Loans in Melrose, MN

BusinessApproved
Leedstone, INC$1,875,000NewBizBotAI Deep Dive
Melrose Electric, INC$761,700NewBizBotAI Deep Dive
Rahn's Oil & Propane Inc.$724,471NewBizBotAI Deep Dive
Rahn's Oil & Propane, Inc.$661,000NewBizBotAI Deep Dive
Commercial Contractors Co. of Melrose, Inc.$425,200NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free