Albert Lea Electro Plating
$225,500 PPP Loan in Albert Lea, Minnesota
Loan Details
- Loan Number
- 7621357010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $225,500
- Current Approval
- $225,500
- Forgiveness Amount
- $227,193
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Albert Lea Electro Plating
- Address
- 808 E 12th St
- City
- Albert Lea
- State
- Minnesota
- ZIP Code
- 56007-3216
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (332813)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 21
- Estimated Revenue
- $5.1M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $190,000
- Rent
- $25,500
- Utilities
- $10,000
Lender Information
- Servicing Lender
- Arcadian Bank
- Originating Lender
- Arcadian Bank
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|---|---|---|
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| Argonaut Minnesota Ventures INC | $2,032,300 | AI Deep Dive |
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| St. John's Lutheran Home of Alberta Lea | $1,782,735 | AI Deep Dive |
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