PPP Loan information for Distribution alternatives, inc.

$2,757,714

Distribution alternatives, inc. was initially approved for PPP Loan of amount $2,757,714, the current approved amount is $2,757,714. The loan was approved on 04/11/2020 by The Fidelity Bank reported 320 jobs and $2,757,714 was used to fund payroll.

Distribution alternatives, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Lino Lakes / Distribution alternatives, inc.

DISTRIBUTION ALTERNATIVES, INC.

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DISTRIBUTION ALTERNATIVES, INC.

Borrower Address

6870 21st Avenue S

Borrower City

Lino Lakes

Borrower State

MN

Borrower Zip

55038-3536

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2757714.00

Current Approval Amount

2757714.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38024

Servicing Lender Name

Fidelity Bank

Servicing Lender Address

7600 Parklawn Ave

Servicing Lender City

EDINA

Servicing Lender State

MN

Servicing Lender Zip

55435-5125

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lino Lakes

Project County Name

ANOKA

Project State

MN

Project Zip

55038-3536

CD

MN-06

Jobs Reported

320

NAICS Code

493110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2200000.00

Mortgage Interest Proceed

0.00

Rent Proceed

557714.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38024

Originating Lender

Fidelity Bank

Originating Lender City

EDINA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2783452.66

Forgiveness Date

03/23/2021

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