PPP Loan information for Productive alternatives inc.

$2,047,900

Productive alternatives inc. was initially approved for PPP Loan of amount $2,047,955, the current approved amount is $2,047,900. The loan was approved on 04/27/2020 by The American Federal Bank reported 320 jobs and $2,047,900 was used to fund payroll.

Productive alternatives inc. is Existing or more than 2 years old

PPP Loan Search / MN / FERGUS FALLS / Productive alternatives inc.

PRODUCTIVE ALTERNATIVES INC.

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRODUCTIVE ALTERNATIVES INC.

Borrower Address

1205 North Tower Rd

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-1077

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2047955.00

Current Approval Amount

2047900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81371

Servicing Lender Name

American Federal Bank

Servicing Lender Address

215 5th St N

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58102-4867

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FERGUS FALLS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-1077

CD

MN-07

Jobs Reported

320

NAICS Code

624310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2047900.00

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

81371

Originating Lender

American Federal Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

2070597.56

Forgiveness Date

06/11/2021

;