PPP Loan information for Chad s. babcock insurance agency, inc.

$120,800

Chad s. babcock insurance agency, inc. was initially approved for PPP Loan of amount $120,800, the current approved amount is $120,800. The loan was approved on 04/12/2020 by The Alerus Financial, National Association reported 7 jobs and $120,800 was used to fund payroll.

Chad s. babcock insurance agency, inc. is Existing or more than 2 years old

PPP Loan Search / MN / EXCELSIOR / Chad s. babcock insurance agency, inc.

CHAD S. BABCOCK INSURANCE AGENCY, INC.

Date Approved

04/12/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

CHAD S. BABCOCK INSURANCE AGENCY, INC.

Borrower Address

378 Oak St Suite 100

Borrower City

EXCELSIOR

Borrower State

MN

Borrower Zip

55331-3034

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

120800.00

Current Approval Amount

120800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EXCELSIOR

Project County Name

HENNEPIN

Project State

MN

Project Zip

55331-3034

CD

MN-03

Jobs Reported

7

NAICS Code

524210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

30200.00

Payroll Proceed

90600.00

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

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

121914.04

Forgiveness Date

03/16/2021

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