Ramsey Excavating Company
$2,440,200 PPP Loan in Minneapolis, Minnesota
Loan Details
- Loan Number
- 6924847007
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,440,200
- Current Approval
- $2,440,200
- Forgiveness Amount
- $2,468,747
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Ramsey Excavating Company
- Address
- 8297 Brooklyn Blvd
- City
- Minneapolis
- State
- Minnesota
- ZIP Code
- 55445-2301
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238910)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 101
- Estimated Revenue
- $37.8M
- Rural/Urban
- Urban
- Congressional District
- MN-03
Loan Use Breakdown
- Payroll
- $1,943,689
- Rent
- $60,000
- Utilities
- $5,000
- Health Care
- $131,511
- Debt Interest
- $300,000
Lender Information
- Servicing Lender
- Midcountry Bank
- Originating Lender
- Midcountry Bank
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