NewBizBot
Try for Free

Element Group, Inc.

$1,237,175 PPP Loan in Princeton, Minnesota

Loan Details

Loan Number
5601817010
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,237,175
Current Approval
$1,230,552
Forgiveness Amount
$1,237,834
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Element Group, Inc.
Address
1502 South 14th Street
City
Princeton
State
Minnesota
ZIP Code
55371
Business Type
Corporation
Industry (NAICS)
Manufacturing (333924)
Business Age
Existing or more than 2 years old
Jobs Reported
109
Estimated Revenue
$28.5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$927,882
Rent
$178,953
Utilities
$123,717

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

Other PPP Loans in Princeton, MN

BusinessApproved
Crystal Cabinet Works, Inc.$5,124,400NewBizBotResearch
Federated Co-Ops INC$2,298,300NewBizBotResearch
Erdman Automation Corporation$2,149,100NewBizBotResearch
Erdman Automation Corporation$2,000,000NewBizBotResearch
Elemet Group Inc.$1,417,692NewBizBotResearch

Want to research this company further?

Try NewBizBot free