PPP borrower record
ALBERT LEA ELECTRIC COMPANY PPP loan record
Public SBA PPP loan record for ALBERT LEA ELECTRIC COMPANY. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$556,900
Approved amount
$550,211
Forgiven amount
2020-04-04
Date approved
Borrower and loan details
Borrower
ALBERT LEA ELECTRIC COMPANY
Loan number
4694447010
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Albert Lea
Borrower state
Minnesota
Borrower ZIP
56007
Jobs reported
26
Loan status
Paid in Full
Forgiveness date
2020-11-23
Servicing lender
Arcadian Bank
Originating lender
Arcadian Bank
Reported use of proceeds
Payroll
$446,000
Rent
$40,000
Utilities
$20,000
Mortgage interest
$40,000
Health care
N/A
Debt interest
$10,900
Location pages
Related directories
Source note
PPP Loan Map uses SBA public PPP records and Geocodio's geocoded PPP dataset for latitude, longitude, and Census geography. Map pins are geocoded estimates, not verified current business locations. Records are public administrative data, not legal findings.