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Precision Electric Incorporated

$58,700 PPP Loan in Mahtomedi, Minnesota

Loan Details

Loan Number
8479857108
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$58,700
Current Approval
$58,700
Forgiveness Amount
$59,126
Forgiveness Date
Jan 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Electric Incorporated
Address
458 Wildwood Rd
City
Mahtomedi
State
Minnesota
ZIP Code
55115
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$44,025
Rent
$3,669
Utilities
$3,669
Health Care
$3,669
Mortgage Interest
$3,669

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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