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Beacon Promotions, Inc.

$1,097,398 PPP Loan in New Ulm, Minnesota

Loan Details

Loan Number
6887987210
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$1,097,398
Current Approval
$1,097,398
Forgiveness Amount
$877,044
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Beacon Promotions, Inc.
Address
2121 S Bridge Street
City
New Ulm
State
Minnesota
ZIP Code
56073-3959
Business Type
Corporation
Industry (NAICS)
Manufacturing (323113)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$12.9M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$1,047,164
Rent
$10,739
Utilities
$39,495

Lender Information

Servicing Lender
Texas Capital Bank
Originating Lender
Texas Capital Bank

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