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Eutectic INC

$100,000 PPP Loan in Dundas, Minnesota

Loan Details

Loan Number
8077357010
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$100,000
Current Approval
$100,000
Forgiveness Amount
$101,107
Forgiveness Date
May 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Eutectic INC
Address
708 Schilling Dr
City
Dundas
State
Minnesota
ZIP Code
55019
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$80,000
Rent
$10,000
Utilities
$10,000

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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