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LP Electric INC

$45,000 PPP Loan in Loretto, Minnesota

Loan Details

Loan Number
7513957103
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$45,000
Current Approval
$45,000
Forgiveness Amount
$45,271
Forgiveness Date
Nov 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
LP Electric INC
Address
5721 94th Ave
City
Loretto
State
Minnesota
ZIP Code
55357-9599
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$41,250
Rent
$3,750

Lender Information

Servicing Lender
Minnesota Lakes Bank
Originating Lender
Minnesota Lakes Bank

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