Sorenson Electric

$16,925 PPP Loan in Ada, Minnesota

Loan Details

Loan Number
6819627303
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$16,925
Current Approval
$16,925
Forgiveness Amount
$17,021
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Sorenson Electric
Address
108 S 4th St W
City
Ada
ZIP Code
56510
Business Type
Sole Proprietorship
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
1
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$15,230
Utilities
$1,695

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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