PPP Loan information for Galen's, inc.

$86,843

Galen's, inc. was initially approved for PPP Loan of amount $86,843, the current approved amount is $86,843. The loan was approved on 04/11/2020 by The The First National Bank of Bagley reported 34 jobs and $86,843 was used to fund payroll.

Galen's, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Bagley / Galen's, inc.

GALEN'S, INC.

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GALEN'S, INC.

Borrower Address

19 Main Avenue South

Borrower City

Bagley

Borrower State

MN

Borrower Zip

56621

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86842.50

Current Approval Amount

86842.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36624

Servicing Lender Name

The First National Bank of Bagley

Servicing Lender Address

31 Central St, East

Servicing Lender City

BAGLEY

Servicing Lender State

MN

Servicing Lender Zip

56621-8508

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bagley

Project County Name

CLEARWATER

Project State

MN

Project Zip

56621-0001

CD

MN-07

Jobs Reported

34

NAICS Code

445110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2368.50

Payroll Proceed

69474.00

Mortgage Interest Proceed

15000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

36624

Originating Lender

The First National Bank of Bagley

Originating Lender City

BAGLEY

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87585.49

Forgiveness Date

02/23/2021

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