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Norman's Electric Service, Inc.

$155,700 PPP Loan in Rushford, Minnesota

Loan Details

Loan Number
7026497001
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$155,700
Current Approval
$155,700
Forgiveness Amount
$156,898
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Norman's Electric Service, Inc.
Address
30595 State Hwy 43
City
Rushford
State
Minnesota
ZIP Code
55971
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$130,788
Rent
$20,241
Utilities
$4,671

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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