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Northwest Electric Inc.

$117,333 PPP Loan in Newfolden, Minnesota

Loan Details

Loan Number
6748367005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$117,333
Current Approval
$117,333
Forgiveness Amount
$118,317
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Northwest Electric Inc.
Address
127 Melgaard Ave E
City
Newfolden
State
Minnesota
ZIP Code
56738
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$117,333

Lender Information

Servicing Lender
Border Bank
Originating Lender
Border Bank

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