PPP Loan information for Linn retail centers, inc.

$1,443,500

Linn retail centers, inc. was initially approved for PPP Loan of amount $1,443,500, the current approved amount is $1,443,500. The loan was approved on 04/08/2020 by The Alerus Financial, National Association reported 230 jobs and $1,443,500 was used to fund payroll.

Linn retail centers, inc. is Existing or more than 2 years old

PPP Loan Search / MN / SAINT PAUL / Linn retail centers, inc.

LINN RETAIL CENTERS, INC.

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

LINN RETAIL CENTERS, INC.

Borrower Address

7616 Currell Blvd. Suite 245

Borrower City

SAINT PAUL

Borrower State

MN

Borrower Zip

55125-2255

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1443500.00

Current Approval Amount

1443500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT PAUL

Project County Name

WASHINGTON

Project State

MN

Project Zip

55125-2255

CD

MN-04

Jobs Reported

230

NAICS Code

447110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

360900.00

Payroll Proceed

1082600.00

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

Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1456170.72

Forgiveness Date

02/25/2021

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