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Kangas Excavating, Inc.

$88,800 PPP Loan in Ely, Minnesota

Loan Details

Loan Number
8723717202
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$88,800
Current Approval
$88,800
Forgiveness Amount
$89,462
Forgiveness Date
Feb 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Kangas Excavating, Inc.
Address
Box 269
City
Ely
State
Minnesota
ZIP Code
55731
Business Type
Corporation
Industry (NAICS)
Construction (237310)
Business Age
Existing or more than 2 years old
Jobs Reported
8
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$66,600
Utilities
$8,880
Mortgage Interest
$13,320

Lender Information

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

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