Midwest Ag Electric INC
$562,700 PPP Loan in Albert Lea, Minnesota
Loan Details
- Loan Number
- 7112347009
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $562,700
- Current Approval
- $562,700
- Forgiveness Amount
- $568,374
- Forgiveness Date
- Apr 13, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Midwest Ag Electric INC
- Address
- 721 W Clark St Ste 11
- City
- Albert Lea
- State
- Minnesota
- ZIP Code
- 56007-1757
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 44
- Estimated Revenue
- $14.5M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $422,025
- Rent
- $70,338
- Utilities
- $70,337
Lender Information
- Servicing Lender
- Manufacturers Bank & Trust Company
- Originating Lender
- Manufacturers Bank & Trust Company
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