PPP Loan information for Preferred insurance opportunit

$26,500

Preferred insurance opportunit was initially approved for PPP Loan of amount $26,500, the current approved amount is $26,500. The loan was approved on 04/05/2020 by The Alliance Bank reported 3 jobs and $26,500 was used to fund payroll.

Preferred insurance opportunit is Existing or more than 2 years old

PREFERRED INSURANCE OPPORTUNIT

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PREFERRED INSURANCE OPPORTUNIT

Borrower Address

517 3rd North, Box 844

Borrower City

NEW ULM

Borrower State

MN

Borrower Zip

56073

Loan Status Date

02/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

26500.00

Current Approval Amount

26500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38294

Servicing Lender Name

Alliance Bank

Servicing Lender Address

105 E Lyon Ave

Servicing Lender City

LAKE CITY

Servicing Lender State

MN

Servicing Lender Zip

55041-1013

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW ULM

Project County Name

BROWN

Project State

MN

Project Zip

56073-0001

CD

MN-01

Jobs Reported

3

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

26500.00

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

38294

Originating Lender

Alliance Bank

Originating Lender City

LAKE CITY

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

26692.12

Forgiveness Date

01/07/2021

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