PPP borrower record

SORLIEN ELECTRIC INC. PPP loan record

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

$585,240
Approved amount
$588,540
Forgiven amount
2020-04-10
Date approved

Borrower and loan details

Borrower
SORLIEN ELECTRIC INC.
Loan number
1612597100
Business type
Corporation
Business age
Existing or more than 2 years old
Borrower city
Tea
Borrower state
South Dakota
Borrower ZIP
57064
Jobs reported
61
Loan status
Paid in Full
Forgiveness date
2020-11-03
Servicing lender
Merchants State Bank
Originating lender
Merchants State Bank

Reported use of proceeds

Payroll
$585,240
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.