As part of the Paycheck Protection Program MASTER ELECTRIC CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

MASTER ELECTRIC CO INC


Loan Amount	$2,275,600
BusinessName	MASTER ELECTRIC CO INC
Address	8555 W 123RD ST
City	SAVAGE
State	MN
Zip	55378
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	White
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	106
DateApproved	04/11/2020
Lender	Old National Bank
CD	MN-02
BusinessName.clean	MASTER ELECTRIC CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

MASTER ELECTRIC
MASTER EXTRUSION
MASTER FLEET
MASTER FLOW TECHNOLOGIES
MASTER FLUID SOLUTIONS