PPP Loan information for Ability building center, inc.

$1,576,745

Ability building center, inc. was initially approved for PPP Loan of amount $1,576,745, the current approved amount is $1,576,745. The loan was approved on 05/05/2020 by The Sterling State Bank reported 252 jobs and $1,576,745 was used to fund payroll.

Ability building center, inc. is Existing or more than 2 years old

PPP Loan Search / MN / ROCHESTER / Ability building center, inc.

ABILITY BUILDING CENTER, INC.

Date Approved

05/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ABILITY BUILDING CENTER, INC.

Borrower Address

1944 14TH ST NW

Borrower City

ROCHESTER

Borrower State

MN

Borrower Zip

55901-0283

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1576745.00

Current Approval Amount

1576745.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36611

Servicing Lender Name

Sterling State Bank

Servicing Lender Address

1419 1st Ave SW

Servicing Lender City

AUSTIN

Servicing Lender State

MN

Servicing Lender Zip

55912-1603

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROCHESTER

Project County Name

OLMSTED

Project State

MN

Project Zip

55901-0283

CD

MN-01

Jobs Reported

252

NAICS Code

485991

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1576745.00

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

Corporation

Originating Lender Location Id

36611

Originating Lender

Sterling State Bank

Originating Lender City

AUSTIN

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1589928.34

Forgiveness Date

03/11/2021

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