Date Approved
05/18/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
PAL MEDICAL SYSTEMS INC
Borrower Address
508 SE 10th ST
Borrower City
GRAND RAPIDS
Borrower State
MN
Borrower Zip
55744-3921
Loan Status Date
02/27/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
16600.00
Current Approval Amount
12400.00
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
Y
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
3
NAICS Code
446199
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1000.00
Payroll Proceed
9920.00
Mortgage Interest Proceed
1480.00
Rent Proceed
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
Female Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
12457.87
Forgiveness Date
11/05/2020