PPP Loan information for Advance corporation

$609,420

Advance corporation was initially approved for PPP Loan of amount $609,420, the current approved amount is $609,420. The loan was approved on 04/07/2020 by The Fidelity Bank reported 70 jobs and $609,420 was used to fund payroll.

Advance corporation is Existing or more than 2 years old

PPP Loan Search / MN / COTTAGE GROVE / Advance corporation

ADVANCE CORPORATION

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

ADVANCE CORPORATION

Borrower Address

8200 97TH ST

Borrower City

COTTAGE GROVE

Borrower State

MN

Borrower Zip

55016-4342

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

609420.00

Current Approval Amount

609420.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38024

Servicing Lender Name

Fidelity Bank

Servicing Lender Address

7600 Parklawn Ave

Servicing Lender City

EDINA

Servicing Lender State

MN

Servicing Lender Zip

55435-5125

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COTTAGE GROVE

Project County Name

WASHINGTON

Project State

MN

Project Zip

55016-4342

CD

MN-02

Jobs Reported

70

NAICS Code

339950

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20534.00

Payroll Proceed

550670.20

Mortgage Interest Proceed

6649.80

Rent Proceed

31566.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38024

Originating Lender

Fidelity Bank

Originating Lender City

EDINA

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

613550.51

Forgiveness Date

12/16/2020

;