Utility Systems of America INC

$500,000 PPP Loan in Eveleth, Minnesota

Loan Details

Loan Number
5616257109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$500,000
Current Approval
$476,000
Forgiveness Amount
$479,583
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Utility Systems of America INC
Address
1280 Industrial Pkwy
ZIP Code
55734-8629
Business Type
Corporation
Industry (NAICS)
Construction (237990)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$10.8M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$380,800
Utilities
$5,200
Health Care
$90,000

Lender Information

Servicing Lender
Park State Bank
Originating Lender
Park State Bank

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