As part of the Paycheck Protection Program PREFERRED ELECTRIC, 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.

PREFERRED ELECTRIC, INC


Loan Amount	$1,002,100
BusinessName	PREFERRED ELECTRIC, INC
Address	2825 NORTH 2ND ST
City	MINNEAPOLIS
State	MN
Zip	55411
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Veteran
NonProfit
JobsReported
DateApproved	04/09/2020
Lender	Riverland Bank
CD	MN-05
BusinessName.clean	PREFERRED ELECTRIC

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

PREFERRED ELECTRICAL CONSTRUCTION CORP OF ILLINOIS
PREFERRED ELECTRICAL CONTRACTORS
PREFERRED FIRE PROTECTION
PREFERRED HEALTHCARE REGISTRY
PREFERRED HOSPITALITY