Date Approved
06/30/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
LYNN GERADS
Borrower Address
41463 State Hwy 238
Borrower City
ALBANY
Borrower State
MN
Borrower Zip
56307-9650
Loan Status Date
08/10/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
6100.00
Current Approval Amount
23990.00
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
Servicing Lender Zip
56352-1356
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Albany
Project County Name
STEARNS
Project State
Project Zip
56307-0001
CD
MN-07
Jobs Reported
1
NAICS Code
112120
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Sole Proprietorship
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
24233.84
Forgiveness Date
07/13/2021