Ada Electric INC

$50,000 PPP Loan in Ada, Minnesota

Loan Details

Loan Number
7412127004
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$50,000
Current Approval
$50,000
Forgiveness Amount
$50,254
Forgiveness Date
Oct 13, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Ada Electric INC
Address
2504 State Highway 200
City
Ada
ZIP Code
56510-9202
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$45,000
Rent
$5,000

Lender Information

Servicing Lender
American Federal Bank
Originating Lender
American Federal Bank

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