Mechanical Systems INC

$2,000,000 PPP Loan in Dundas, Minnesota

Loan Details

Loan Number
5689218508
Date Approved
Mar 1, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,017,167
Forgiveness Date
Jan 10, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Mechanical Systems INC
Address
500 County Road 1 East
City
Dundas
ZIP Code
55019
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
111
Estimated Revenue
$35.1M
Rural/Urban
Urban
Congressional District
MN-01

Loan Use Breakdown

Payroll
$1,999,996
Utilities
$1

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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