PPP Loan information for Merchants cafe

$58,044

Merchants cafe was initially approved for PPP Loan of amount $58,044, the current approved amount is $58,044. The loan was approved on 01/29/2021 by The Bell Bank reported 7 jobs and $58,044 was used to fund payroll.

Merchants cafe is Existing or more than 2 years old

PPP Loan Search / MN / North Branch / Merchants cafe

MERCHANTS CAFE

Date Approved

01/29/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MERCHANTS CAFE

Borrower Address

6338 Main St

Borrower City

North Branch

Borrower State

MN

Borrower Zip

55056-6693

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

58044.00

Current Approval Amount

58044.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Branch

Project County Name

CHISAGO

Project State

MN

Project Zip

55056-6693

CD

MN-08

Jobs Reported

7

NAICS Code

722511

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

58039.00

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

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

58355.18

Forgiveness Date

08/18/2021

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