Red River Electric Inc.

$315,122 PPP Loan in Moorhead, Minnesota

Loan Details

Loan Number
8284038410
Date Approved
Feb 13, 2021
Loan Status
Paid in Full
Initial Approval
$315,122
Current Approval
$315,122
Forgiveness Amount
$317,888
Forgiveness Date
Jan 3, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Red River Electric Inc.
Address
3445 43rd St South
ZIP Code
56560
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$7.9M
Rural/Urban
Urban
Congressional District
MN-07

Loan Use Breakdown

Payroll
$315,120
Utilities
$1

Lender Information

Servicing Lender
Cornerstone Bank
Originating Lender
Cornerstone Bank

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