Date Approved
04/15/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
HERNESMAN AND SONS INC
Borrower Address
20890 US Hwy 169 S
Borrower City
GRAND RAPIDS
Borrower State
MN
Borrower Zip
55744-5109
Loan Status Date
04/17/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
334100.00
Current Approval Amount
286800.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
36814
Servicing Lender Name
Park State Bank
Servicing Lender Address
2630 W Superior St
Servicing Lender City
DULUTH
Servicing Lender State
Servicing Lender Zip
55806-1817
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
ITASCA
Project State
Project Zip
CD
MN-08
Jobs Reported
28
NAICS Code
441228
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
30000.00
Payroll Proceed
229440.00
Mortgage Interest Proceed
Rent Proceed
27360.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
289532.57
Forgiveness Date
04/01/2021