PPP Loan information for New challenges incorporated

$1,763,000

New challenges incorporated was initially approved for PPP Loan of amount $1,763,000, the current approved amount is $1,763,000. The loan was approved on 07/29/2020 by The Choice Financial Group reported 226 jobs and $1,763,000 was used to fund payroll.

New challenges incorporated is Existing or more than 2 years old

PPP Loan Search / MN / Eagan / New challenges incorporated

NEW CHALLENGES INCORPORATED

Date Approved

07/29/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEW CHALLENGES INCORPORATED

Borrower Address

4670 Slater Rd

Borrower City

Eagan

Borrower State

MN

Borrower Zip

55122-2362

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1763000.00

Current Approval Amount

1763000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52934

Servicing Lender Name

Choice Financial Group

Servicing Lender Address

4501 23rd Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8782

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Eagan

Project County Name

DAKOTA

Project State

MN

Project Zip

55122-2362

CD

MN-02

Jobs Reported

226

NAICS Code

623220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1763000.00

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

Corporation

Originating Lender Location Id

52934

Originating Lender

Choice Financial Group

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1780146.99

Forgiveness Date

07/27/2021

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