Loans Issued BY First Bank Elk River

Loan Amount Company Name Location Lender
$2-5M ACCURATE HOME CARE HOLDINGS LLC Elk river , MN The Bank of Elk River
$2-5M LAKES GAS CO Wyoming , MN The Bank of Elk River
$1-2M AEROFAB, INC. Minneapolis , MN The Bank of Elk River
$1-2M ALLSTATES PAVEMENT RECYCLING & STABILIZATION, INC. Rogers , MN The Bank of Elk River
$1-2M AMERICAN STUDENT TRANSPORTATION OF MOUNDSVIEW INC Maple grove , MN First Bank Elk River
$1-2M BEAUDRY OIL & SERIVE, INC. Elk river , MN First Bank Elk River
$1-2M CARLSON MCCAIN, INC. Minneapolis , MN First Bank Elk River
$1-2M COTTENS INC & COTTENS AUTO SUP Anoka , MN First Bank Elk River
$1-2M DELTA MODTECH HOLDINGS LLC Minneapolis , MN First Bank Elk River
$1-2M FEHN COMPANIES INC Albertville , MN The Bank of Elk River
$1-2M GREEN VALLEY GREENHOUSE, INC. Anoka , MN The Bank of Elk River
$1-2M GUARDIAN ANGELS HEALTH SERVICES INC. Elk river , MN The Bank of Elk River
$1-2M GUARDIAN ANGELS OF ELK RIVER INC. Elk river , MN The Bank of Elk River
$1-2M J & J MACHINE INC Elk river , MN First Bank Elk River
$1-2M LEFEBVRE & SONS INC Elk river , MN The Bank of Elk River
$1-2M MURRAY ENTERPRISES, INC. Elk river , MN The Bank of Elk River
$1-2M NEW LOOK CONTRACTING, INC. Rogers , MN The Bank of Elk River
$1-2M NORTHSTAR BUS LINES, LLC Maple grove , MN First Bank Elk River
$1-2M PLAISTED COMPANIES, INC. Elk river , MN First Bank Elk River
$1-2M PRESTIGE DRYWALL INC Anoka , MN First Bank Elk River
$1-2M RESHETAR SYSTEMS INC Anoka , MN First Bank Elk River
$1-2M STEINWALL, INCORPORATED Minneapolis , MN The Bank of Elk River
$1-2M SUMMIT CONCRETE & MASONRY North branch , MN First Bank Elk River
$350K-1M ACCOUNTABLE MEDICAL EQUIPMENT & SUPPLY, INC Minneapolis , MN The Bank of Elk River
$350K-1M ACCUKARE INC Nowthen , MN First Bank Elk River
$350K-1M ALLIANCE MACHINE, INC. Elk river , MN The Bank of Elk River
$350K-1M ARBOR LAKES RESTAURANT GROUP, INC Maple grove , MN First Bank Elk River
$350K-1M AUFDERWORLD CORPORATION Minneapolis , MN First Bank Elk River
$350K-1M B & C MARATHON TRANSPORTATION INC. Elk river , MN The Bank of Elk River
$350K-1M BOB KILIAN ELECTRIC COMPANY Saint michael , MN The Bank of Elk River
$350K-1M BOB'S PRODUCE RANCH Fridley , MN First Bank Elk River
$350K-1M BSI MECHANICAL INC Minneapolis , MN First Bank Elk River
$350K-1M C&H TECHNOLOGY, INC. Minnetonka , MN The Bank of Elk River
$350K-1M CAMELOT METALS, INC. Blaine , MN First Bank Elk River
$350K-1M CULLINAN RIGGING & ERECTING, INC. Anoka , MN The Bank of Elk River

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.