Saginaw Power & Automation LLC

$250,000 PPP Loan in Saginaw, Minnesota

Loan Details

Loan Number
8949277400
Date Approved
May 19, 2020
Loan Status
Paid in Full
Initial Approval
$250,000
Current Approval
$250,000
Forgiveness Amount
$251,630
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Saginaw Power & Automation LLC
Address
7427 Seville Road
ZIP Code
55779-2200
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Professional, Scientific, and Technical Services (541330)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$187,500
Utilities
$25,000
Mortgage Interest
$37,500

Lender Information

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

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