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New Ulm Precision Tool

$424,700 PPP Loan in New Ulm, Minnesota

Loan Details

Loan Number
6239757006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$424,700
Current Approval
$424,700
Forgiveness Amount
$258,962
Forgiveness Date
Nov 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
New Ulm Precision Tool
Address
2217 South Broadway
City
New Ulm
State
Minnesota
ZIP Code
56073
Business Type
Corporation
Industry (NAICS)
Manufacturing (332911)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$5.6M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$424,700

Lender Information

Servicing Lender
Bremer Bank, National Association
Originating Lender
Bremer Bank, National Association

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