Design Electric INC

$2,474,800 PPP Loan in Saint Cloud, Minnesota

Loan Details

Loan Number
6886587010
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$2,474,800
Current Approval
$2,474,800
Forgiveness Amount
$2,503,684
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Design Electric INC
Address
4807 Heatherwood Raod
ZIP Code
56301
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
104
Estimated Revenue
$34.2M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$2,474,800

Lender Information

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

Other PPP Loans in Saint Cloud, MN

BusinessApproved
Bergankdv Ltd$7,793,400NewBizBotResearch
Fulfillment Distribution Center, INC$5,037,000NewBizBotResearch
Nahan Printing, Inc.$4,811,181NewBizBotResearch
Landwehr Construction, Inc.$4,127,500NewBizBotResearch
Viking Coca-Cola Bottling Co.$3,659,300NewBizBotResearch

Want to research this company further?

Try NewBizBot free