Ips Cranes, Inc.

$657,000 PPP Loan in Saint Paul, Minnesota

Loan Details

Loan Number
9414517006
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$657,000
Current Approval
$657,000
Forgiveness Amount
$665,176
Forgiveness Date
Jul 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ips Cranes, Inc.
Address
3540 Hoffman Rd E
ZIP Code
55110-5222
Business Type
Corporation
Industry (NAICS)
Manufacturing (339999)
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$14.5M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$492,750
Rent
$41,063
Utilities
$41,063
Health Care
$41,063
Mortgage Interest
$41,063

Lender Information

Servicing Lender
Midwestone Bank
Originating Lender
Midwestone Bank

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