Hydrostat INC
$410,800 PPP Loan in Rice, Minnesota
Loan Details
- Loan Number
- 6223527002
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $410,800
- Current Approval
- $410,800
- Forgiveness Amount
- $414,041
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Hydrostat INC
- Address
- 330 1st Ave SE
- City
- Rice
- State
- Minnesota
- ZIP Code
- 56367-8728
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Other Services (except Public Administration) (811310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 35
- Estimated Revenue
- $7.5M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $320,800
- Rent
- $42,000
- Utilities
- $18,000
- Health Care
- $30,000
Lender Information
- Servicing Lender
- Deerwood Bank
- Originating Lender
- Deerwood Bank
Other PPP Loans in Rice, MN
| Business | Approved | |
|---|---|---|
| Virnig Manufacturing, Inc. | $1,267,700 |  Research |
| J R Ferche INC | $514,000 | Research |
| New Heights Dairy, LLC | $504,700 | Research |
| J R Ferche INC | $502,375 | Research |
| Burski Land Company, LLC | $401,200 | Research |
Want to research this company further?
Try NewBizBot free