PPP Loan information for Applied products, inc.

$1,560,800

Applied products, inc. was initially approved for PPP Loan of amount $1,560,800, the current approved amount is $1,560,800. The loan was approved on 04/14/2020 by The Lake Region Bank reported 90 jobs and $1,560,800 was used to fund payroll.

Applied products, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MINNETONKA / Applied products, inc.

APPLIED PRODUCTS, INC.

Date Approved

04/14/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

APPLIED PRODUCTS, INC.

Borrower Address

6035 Baker Road

Borrower City

MINNETONKA

Borrower State

MN

Borrower Zip

55345-5908

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1560800.00

Current Approval Amount

1560800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38669

Servicing Lender Name

Lake Region Bank

Servicing Lender Address

51 Main St

Servicing Lender City

NEW LONDON

Servicing Lender State

MN

Servicing Lender Zip

56273

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MINNETONKA

Project County Name

HENNEPIN

Project State

MN

Project Zip

55345-5908

CD

MN-03

Jobs Reported

90

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

62160.00

Payroll Proceed

1248640.00

Mortgage Interest Proceed

0.00

Rent Proceed

250000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38669

Originating Lender

Lake Region Bank

Originating Lender City

NEW LONDON

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1569297.69

Forgiveness Date

11/03/2020

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