Date Approved
04/30/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
PROCESS LOGIC, INC.
Borrower Address
307 31st Ave South
Borrower City
WAITE PARK
Borrower State
MN
Borrower Zip
56387
Loan Status Date
04/07/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
92770.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38828
Servicing Lender Name
Sentry Bank
Servicing Lender Address
400 4th Ave NE
Servicing Lender City
SAINT JOSEPH
Servicing Lender State
Servicing Lender Zip
56374-8644
Rural Urban Indicator
R
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
STEARNS
Project State
Project Zip
56387-0001
CD
MN-06
Jobs Reported
5
NAICS Code
333517
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
9300.00
Payroll Proceed
69600.00
Mortgage Interest Proceed
13870.00
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
93586.89
Forgiveness Date
03/18/2021