Michele Rae, Inc.

$59,800 PPP Loan in Wayzata, Minnesota

Loan Details

Loan Number
5742097001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$59,800
Current Approval
$59,800
Forgiveness Amount
$60,200
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Michele Rae, Inc.
Address
18300 Minnetonka Blvd #100
ZIP Code
55391-3232
Business Type
Corporation
Industry (NAICS)
Other Services (except Public Administration) (812112)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$45,300
Rent
$5,000
Utilities
$1,500
Health Care
$6,000
Debt Interest
$2,000

Lender Information

Servicing Lender
Security Bank & Trust Company
Originating Lender
Security Bank and Trust Company

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