PPP borrower record

PEARSON & STEMPER ELECTRIC, INC. PPP loan record

Public SBA PPP loan record for PEARSON & STEMPER ELECTRIC, INC.. Review approval amount, forgiveness amount, lender fields, borrower location, and source limitations.

$88,900
Approved amount
$89,658
Forgiven amount
2020-04-07
Date approved

Borrower and loan details

Borrower
PEARSON & STEMPER ELECTRIC, INC.
Loan number
6678757008
Business type
Subchapter S Corporation
Business age
New Business or 2 years or less
Borrower city
Saint Charles
Borrower state
Minnesota
Borrower ZIP
55972
Jobs reported
7
Loan status
Exemption 4
Forgiveness date
2021-02-19
Servicing lender
Merchants Bank, National Association
Originating lender
Merchants Bank, National Association

Reported use of proceeds

Payroll
$88,900
Rent
N/A
Utilities
N/A
Mortgage interest
N/A
Health care
N/A
Debt interest
N/A

Location pages

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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.