Date Approved
04/27/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
AK NELSON, INC.
Borrower Address
624 S Cedar St
Borrower City
Royalton
Borrower State
MN
Borrower Zip
56373
Loan Status Date
02/06/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
67400.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
99711
Servicing Lender Name
Magnifi Financial CU
Servicing Lender Address
20 4th Ave E
Servicing Lender City
MELROSE
Servicing Lender State
Servicing Lender Zip
56352-1356
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MORRISON
Project State
Project Zip
56373-0001
CD
MN-07
Jobs Reported
27
NAICS Code
722513
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Female Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
67865.34
Forgiveness Date
01/08/2021