PPP Loan information for Purpose llc

$66,984

Purpose llc was initially approved for PPP Loan of amount $66,984, the current approved amount is $66,984. The loan was approved on 04/14/2020 by The Community Development Bank, FSB reported 18 jobs and $66,984 was used to fund payroll.

Purpose llc is Existing or more than 2 years old

PPP Loan Search / MN / MORRIS / Purpose llc

PURPOSE LLC

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PURPOSE LLC

Borrower Address

702 ATLANTIC AVE

Borrower City

MORRIS

Borrower State

MN

Borrower Zip

56267-1138

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

66984.30

Current Approval Amount

66984.30

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38719

Servicing Lender Name

Community Development Bank, FSB

Servicing Lender Address

516 Main St

Servicing Lender City

OGEMA

Servicing Lender State

MN

Servicing Lender Zip

56569

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRIS

Project County Name

STEVENS

Project State

MN

Project Zip

56267-1138

CD

MN-07

Jobs Reported

18

NAICS Code

448140

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6698.43

Payroll Proceed

53587.44

Mortgage Interest Proceed

6698.43

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38719

Originating Lender

Community Development Bank, FSB

Originating Lender City

OGEMA

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

67304.34

Forgiveness Date

10/13/2020

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