PPP Loan information for Redwood area development corporation

$24,049

Redwood area development corporation was initially approved for PPP Loan of amount $24,049, the current approved amount is $24,049. The loan was approved on 03/31/2021 by The The Wanda State Bank reported 3 jobs and $24,049 was used to fund payroll.

Redwood area development corporation is Existing or more than 2 years old

PPP Loan Search / MN / Redwood Falls / Redwood area development corporation

REDWOOD AREA DEVELOPMENT CORPORATION

Date Approved

03/31/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REDWOOD AREA DEVELOPMENT CORPORATION

Borrower Address

200 S Mill St

Borrower City

Redwood Falls

Borrower State

MN

Borrower Zip

56283-1684

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

24049.45

Current Approval Amount

24049.45

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38995

Servicing Lender Name

The Wanda State Bank

Servicing Lender Address

121 W Main St

Servicing Lender City

Wanda

Servicing Lender State

MN

Servicing Lender Zip

56294

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Redwood Falls

Project County Name

REDWOOD

Project State

MN

Project Zip

56283-1684

CD

MN-07

Jobs Reported

3

NAICS Code

813219

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

24046.45

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

38995

Originating Lender

The Wanda State Bank

Originating Lender City

Wanda

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

24095.57

Forgiveness Date

06/23/2021

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