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Jim's Electric Service

$77,200 PPP Loan in Melrose, Minnesota

Loan Details

Loan Number
8129367005
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$77,200
Current Approval
$77,200
Forgiveness Amount
$77,746
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Jim's Electric Service
Address
32666 State Highway 4
City
Melrose
State
Minnesota
ZIP Code
56352-8117
Business Type
Sole Proprietorship
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
$70,200
Utilities
$2,500
Health Care
$4,500

Lender Information

Servicing Lender
Freeport State Bank
Originating Lender
Freeport State Bank

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