Date Approved
04/28/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
LOWELL MAGELSSEN DC PA
Borrower Address
1042 HIGHWAY 96 WEST
Borrower City
SHOREVIEW
Borrower State
MN
Borrower Zip
55126-1913
Loan Status Date
03/13/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
18900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38033
Servicing Lender Name
First Bank Elk River
Servicing Lender Address
812 Main St NW
Servicing Lender City
ELK RIVER
Servicing Lender State
Servicing Lender Zip
55330-1575
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
RAMSEY
Project State
Project Zip
CD
MN-04
Jobs Reported
6
NAICS Code
621310
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
1890.00
Payroll Proceed
14175.00
Mortgage Interest Proceed
Rent Proceed
2835.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
19056.97
Forgiveness Date
02/25/2021