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Ely Drop and Shop INC

$12,870 PPP Loan in Ely, Minnesota

Loan Details

Loan Number
8960227103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$12,870
Current Approval
$12,870
Forgiveness Amount
$12,982
Forgiveness Date
Mar 9, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ely Drop and Shop INC
Address
204 E Sheridan St
City
Ely
State
Minnesota
ZIP Code
55731
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (448150)
Business Age
New Business or 2 years or less
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$9,653
Utilities
$1,287
Mortgage Interest
$1,931

Lender Information

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

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