PPP Loan information for West central initiative

$264,800

West central initiative was initially approved for PPP Loan of amount $264,800, the current approved amount is $264,800. The loan was approved on 04/07/2020 by The United Community Bank reported 18 jobs and $264,800 was used to fund payroll.

West central initiative is Existing or more than 2 years old

PPP Loan Search / MN / FERGUS FALLS / West central initiative

WEST CENTRAL INITIATIVE

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

WEST CENTRAL INITIATIVE

Borrower Address

1000 WESTERN AVE PO Box 318

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-4805

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

264800.00

Current Approval Amount

264800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38738

Servicing Lender Name

United Community Bank

Servicing Lender Address

301 W Main St

Servicing Lender City

PERHAM

Servicing Lender State

MN

Servicing Lender Zip

56573-1455

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

56537-4805

CD

MN-07

Jobs Reported

18

NAICS Code

921130

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

264800.00

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

38738

Originating Lender

United Community Bank

Originating Lender City

PERHAM

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

267223.10

Forgiveness Date

03/16/2021

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