Minnesota Valley Testing Laboratories I
$1,485,000 PPP Loan in New Ulm, Minnesota
Loan Details
- Loan Number
- 6598597008
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,485,000
- Current Approval
- $1,791,400
- Forgiveness Amount
- $1,802,895
- Forgiveness Date
- Nov 27, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Minnesota Valley Testing Laboratories I
- Address
- 1126 N Front Street
- City
- New Ulm
- State
- Minnesota
- ZIP Code
- 56073-1176
- Business Type
- Corporation
- Industry (NAICS)
- Professional, Scientific, and Technical Services (541380)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 180
- Estimated Revenue
- $36.3M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $1,433,120
- Rent
- $71,656
- Utilities
- $71,656
- Health Care
- $71,656
- Mortgage Interest
- $71,656
- Debt Interest
- $71,656
Lender Information
- Servicing Lender
- Americana Community Bank
- Originating Lender
- Americana Community Bank
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