As part of the Paycheck Protection Program NORTECH SYSTEMS INCORPORATED 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.

NORTECH SYSTEMS INCORPORATED


Loan Amount	$6,077,039
BusinessName	NORTECH SYSTEMS INCORPORATED
Address	7550 Meridian Cir N Ste 150
City	MAPLE GROVE
State	MN
Zip	55369
NAICSCode	334118
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	478
DateApproved	04/14/2020
Lender	Bank of America, National Association
CD	MN-03
BusinessName.clean	NORTECH SYSTEMS INCORPORATED

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

NORTECH WASTE
NORTH 43RD
NORTH ALABAMA ELECTRIC COOPERATIVE
NORTH ALABAMA FABRICATING CO
AQUATIC SALES SOLUTIONS