PPP borrower record
OTTO ELECTRIC, INC. PPP loan record
Public SBA PPP loan record for OTTO ELECTRIC, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.
$51,100
Approved amount
$51,480
Forgiven amount
2020-04-04
Date approved
Borrower and loan details
Borrower
OTTO ELECTRIC, INC.
Loan number
4746077009
Business type
Subchapter S Corporation
Business age
Existing or more than 2 years old
Borrower city
Nicollet
Borrower state
Minnesota
Borrower ZIP
56074
Jobs reported
6
Loan status
Paid in Full
Forgiveness date
2021-01-07
Servicing lender
ProGrowth Bank
Originating lender
ProGrowth Bank
Reported use of proceeds
Payroll
$41,000
Rent
$3,000
Utilities
$3,000
Mortgage interest
N/A
Health care
$1,100
Debt interest
$3,000
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.