Date Approved
04/28/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
THE CUT ABOVE
Borrower Address
313 MAIN ST E
Borrower City
MELROSE
Borrower State
MN
Borrower Zip
56352-1163
Loan Status Date
11/18/2020
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
25150.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38095
Servicing Lender Name
Freeport State Bank
Servicing Lender Address
111 Main St East
Servicing Lender City
FREEPORT
Servicing Lender State
Servicing Lender Zip
56331
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
STEARNS
Project State
Project Zip
CD
MN-07
Jobs Reported
5
NAICS Code
812112
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
4650.00
Payroll Proceed
20100.00
Mortgage Interest Proceed
400.00
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Sole Proprietorship
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Unanswered
Non Profit
Forgiveness Amount
21247.35
Forgiveness Date
10/16/2020