PPP Loan information for Ad foods inc

$78,600

Ad foods inc was initially approved for PPP Loan of amount $78,600, the current approved amount is $78,600. The loan was approved on 04/07/2020 by The Merchants Bank, National Association reported 12 jobs and $78,600 was used to fund payroll.

Ad foods inc is New Business or 2 years or less

PPP Loan Search / MN / BURNSVILLE / Ad foods inc

AD FOODS INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AD FOODS INC

Borrower Address

1617 W 139TH ST

Borrower City

BURNSVILLE

Borrower State

MN

Borrower Zip

55337-4369

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

78600.00

Current Approval Amount

78600.00

Undisbursed Amount

0.00

Franchise Name

Jersey Mike's

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

BURNSVILLE

Project County Name

DAKOTA

Project State

MN

Project Zip

55337-4369

CD

MN-02

Jobs Reported

12

NAICS Code

722511

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1450.00

Payroll Proceed

63403.00

Mortgage Interest Proceed

3000.00

Rent Proceed

10747.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

79294.30

Forgiveness Date

03/02/2021

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