PPP borrower record
MCGRATH ELECTRIC INC. PPP loan record
Public SBA PPP loan record for MCGRATH ELECTRIC INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$129,710
Approved amount
$130,686
Forgiven amount
2020-04-27
Date approved
Borrower and loan details
Borrower
MCGRATH ELECTRIC INC.
Loan number
4077037206
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Welch
Borrower state
Minnesota
Borrower ZIP
55089
Jobs reported
8
Loan status
Paid in Full
Forgiveness date
2021-02-02
Servicing lender
Vermillion State Bank
Originating lender
Vermillion State Bank
Reported use of proceeds
Payroll
$129,710
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A
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.