Simco Electric, LLC
$212,500 PPP Loan in Duluth, Minnesota
Loan Details
- Loan Number
- 8218207201
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $212,500
- Current Approval
- $162,490
- Forgiveness Amount
- $163,656
- Forgiveness Date
- Jan 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
Loan Use Breakdown
- Payroll
- $154,490
- Utilities
- $3,000
- Mortgage Interest
- $5,000
Lender Information
- Servicing Lender
- Frandsen Bank & Trust
- Originating Lender
- Frandsen Bank & Trust
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