M & R Chips, INC

$24,500 PPP Loan in Grand Rapids, Minnesota

Loan Details

Loan Number
8893647110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$24,500
Current Approval
$24,500
Forgiveness Amount
$24,713
Forgiveness Date
Feb 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
M & R Chips, INC
Address
28688 Underwood Rd
ZIP Code
55744
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423990)
Business Age
Existing or more than 2 years old
Jobs Reported
3
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$19,000
Rent
$4,000
Utilities
$1,500

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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