House Red Wing, Inc.

$488,600 PPP Loan in Red Wing, Minnesota

Loan Details

Loan Number
9005077004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$488,600
Current Approval
$488,600
Forgiveness Amount
$494,341
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
House Red Wing, Inc.
Address
3538 Highway 61
ZIP Code
55066-1473
Business Type
Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
New Business or 2 years or less
Jobs Reported
43
Estimated Revenue
$10.8M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$366,500
Rent
$58,000
Utilities
$7,000
Health Care
$33,000
Mortgage Interest
$24,100

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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