As part of the Paycheck Protection Program MEL FOSTER COMPANY, 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.

MEL FOSTER COMPANY, INC


Loan Amount	$889,000
BusinessName	MEL FOSTER COMPANY, INC
Address	5850 Opus Parkway, Suite 120
City	HOPKINS
State	MN
Zip	55343
NAICSCode	541990
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	44
DateApproved	04/10/2020
Lender	Old National Bank
CD	MN-03
BusinessName.clean	MEL FOSTER COMPANY

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

MEL HAMBELTON FORD
MEL RAPTON
MEL SMITH ELECTRIC
MEL TROTTER MINISTRIES
MELKAY ELECTRIC CO