North Water Electric INC
$72,900 PPP Loan in Mountain Iron, Minnesota
Loan Details
- Loan Number
- 9758607100
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $72,900
- Current Approval
- $67,500
- Forgiveness Amount
- $67,986
- Forgiveness Date
- Jan 7, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- North Water Electric INC
- Address
- 9755 Allavus Rd
- City
- Mountain Iron
- State
- Minnesota
- ZIP Code
- 55768-8006
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 3
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-08
Loan Use Breakdown
- Payroll
- $54,000
- Rent
- $2,000
- Utilities
- $3,500
- Health Care
- $5,000
- Mortgage Interest
- $3,000
Lender Information
- Servicing Lender
- Park State Bank
- Originating Lender
- Park State Bank
Other PPP Loans in Mountain Iron, MN
| Business | Approved | |
|---|---|---|
| Nelson Williams Linings, Inc. | $239,800 |  AI Deep Dive |
| Benchmark Engineering INC | $216,700 | AI Deep Dive |
| Car of Virginia, INC | $103,417 | AI Deep Dive |
| Tbg Construction LLC | $83,710 | AI Deep Dive |
| North Water Electric INC | $65,000 | AI Deep Dive |
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