AMERICAN MECHANICAL CO. INC (MN) - 2020 PPP Loan Borrower Profile (# 9746988500)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN MECHANICAL CO. INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Minnesota.

Loan Detail

Loan Number

9746988500

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$107,200

Date Loan was Approved

Mar 12, 2021

Amount Forgiven

$107,570.06

Date Loan was Forgiven

Jul 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

107,200

Lender

CorTrust Bank National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238220

Borrower Location

Loretto, MN

Project Location

Loretto, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.