Novco, INC
$525,000 PPP Loan in Elk River, Minnesota
Loan Details
- Loan Number
- 7088057102
- Date Approved
- Apr 14, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $525,000
- Current Approval
- $440,000
- Forgiveness Amount
- $443,483
- Forgiveness Date
- Feb 4, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Novco, INC
- Address
- 11090 173rd Ave
- City
- Elk River
- State
- Minnesota
- ZIP Code
- 55330-0049
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Transportation and Warehousing (484121)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 38
- Estimated Revenue
- $7.7M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $352,000
- Rent
- $44,000
- Utilities
- $44,000
Lender Information
- Servicing Lender
- Sentry Bank
- Originating Lender
- Sentry Bank
Other PPP Loans in Elk River, MN
| Business | Approved | |
|---|---|---|
| Accurate Home Care Holdings LLC | $4,011,400 |  AI Deep Dive |
| Cornerstone Auto Group LLC | $3,384,507 | AI Deep Dive |
| Metal Craf Machine & Engineering, Inc. | $2,206,900 | AI Deep Dive |
| Guardian Angels of Elk River Inc. | $1,882,900 | AI Deep Dive |
| Murray Enterprises, Inc. | $1,792,300 | AI Deep Dive |
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