PPP Loan information for Food co-op initiative

$58,000

Food co-op initiative was initially approved for PPP Loan of amount $58,000, the current approved amount is $58,000. The loan was approved on 04/07/2020 by The Merchants Bank, National Association reported 3 jobs and $58,000 was used to fund payroll.

Food co-op initiative is Existing or more than 2 years old

PPP Loan Search / MN / SAVAGE / Food co-op initiative

FOOD CO-OP INITIATIVE

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FOOD CO-OP INITIATIVE

Borrower Address

14314 FEATHERSTONE TRL

Borrower City

SAVAGE

Borrower State

MN

Borrower Zip

55378-2270

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

58000.00

Current Approval Amount

58000.00

Undisbursed Amount

0.00

Franchise Name

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

N

Business Age Description

Existing or more than 2 years old

Project City

SAVAGE

Project County Name

SCOTT

Project State

MN

Project Zip

55378-2270

CD

MN-02

Jobs Reported

3

NAICS Code

813319

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

58000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

58378.61

Forgiveness Date

12/08/2020

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