Newteam, LLC

$4,304,800 PPP Loan in Forest Lake, Minnesota

Loan Details

Loan Number
9061317107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$4,304,800
Current Approval
$4,304,800
Forgiveness Amount
$4,354,784
Forgiveness Date
Jun 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Newteam, LLC
Address
20697 Fenway Ave N
ZIP Code
55025-8103
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (326199)
Business Age
Existing or more than 2 years old
Jobs Reported
304
Estimated Revenue
$301.5M
Rural/Urban
Urban
Congressional District
MN-08

Loan Use Breakdown

Payroll
$4,304,800

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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