PPP Loan information for Sandstrom's inc

$583,742

Sandstrom's inc was initially approved for PPP Loan of amount $583,742, the current approved amount is $583,742. The loan was approved on 04/06/2020 by The Minnesota Lakes Bank reported 50 jobs and $583,742 was used to fund payroll.

Sandstrom's inc is Existing or more than 2 years old

PPP Loan Search / MN / GRAND RAPIDS / Sandstrom's inc

SANDSTROM'S INC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SANDSTROM'S INC

Borrower Address

2057 E HIGHWAY 2

Borrower City

GRAND RAPIDS

Borrower State

MN

Borrower Zip

55744-3295

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

583742.00

Current Approval Amount

583742.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36775

Servicing Lender Name

Minnesota Lakes Bank

Servicing Lender Address

710 Babcock Blvd East

Servicing Lender City

DELANO

Servicing Lender State

MN

Servicing Lender Zip

55328-8602

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

ITASCA

Project State

MN

Project Zip

55744-3295

CD

MN-08

Jobs Reported

50

NAICS Code

424940

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

583742.00

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

36775

Originating Lender

Minnesota Lakes Bank

Originating Lender City

DELANO

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

588249.79

Forgiveness Date

01/20/2021

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