PPP Loan information for Balsam cooperative

$91,618

Balsam cooperative was initially approved for PPP Loan of amount $91,618, the current approved amount is $91,618. The loan was approved on 04/07/2020 by The Compeer Financial, ACA reported 9 jobs and $91,618 was used to fund payroll.

Balsam cooperative is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Balsam cooperative

BALSAM COOPERATIVE

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BALSAM COOPERATIVE

Borrower Address

1275 Hwy 15 South

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

91617.50

Current Approval Amount

91617.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

317968

Servicing Lender Name

Compeer Financial, ACA

Servicing Lender Address

2600 Jenny Wren Trail

Servicing Lender City

Sun Prairie

Servicing Lender State

WI

Servicing Lender Zip

53590

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-0001

CD

MN-01

Jobs Reported

9

NAICS Code

112120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

9163.00

Payroll Proceed

73294.50

Mortgage Interest Proceed

9160.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

317968

Originating Lender

Compeer Financial, ACA

Originating Lender City

Sun Prairie

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

92569.30

Forgiveness Date

05/05/2021

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