PPP Loan information for Cold spring co-op

$250,400

Cold spring co-op was initially approved for PPP Loan of amount $250,400, the current approved amount is $250,400. The loan was approved on 04/08/2020 by The Magnifi Financial CU reported 19 jobs and $250,400 was used to fund payroll.

Cold spring co-op is Existing or more than 2 years old

PPP Loan Search / MN / COLD SPRING / Cold spring co-op

COLD SPRING CO-OP

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

COLD SPRING CO-OP

Borrower Address

300 Main St

Borrower City

COLD SPRING

Borrower State

MN

Borrower Zip

56320-2535

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

250400.00

Current Approval Amount

250400.00

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

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLD SPRING

Project County Name

STEARNS

Project State

MN

Project Zip

56320-2535

CD

MN-07

Jobs Reported

19

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

20000.00

Payroll Proceed

165400.00

Mortgage Interest Proceed

20000.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

251765.19

Forgiveness Date

11/03/2020

;