PPP Loan information for Paape distributing company

$1,180,959

Paape distributing company was initially approved for PPP Loan of amount $1,180,959, the current approved amount is $1,180,959. The loan was approved on 04/10/2020 by The Frandsen Bank & Trust reported 62 jobs and $1,180,959 was used to fund payroll.

Paape distributing company is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / Paape distributing company

PAAPE DISTRIBUTING COMPANY

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PAAPE DISTRIBUTING COMPANY

Borrower Address

307 McKinzie St.South

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-1800

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1180959.00

Current Approval Amount

1180959.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANKATO

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-1800

CD

MN-01

Jobs Reported

62

NAICS Code

423730

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

290959.00

Payroll Proceed

890000.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1178241.40

Forgiveness Date

12/04/2020

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