PPP Loan information for South central coop

$2,171,423

South central coop was initially approved for PPP Loan of amount $2,390,500, the current approved amount is $2,171,423. The loan was approved on 04/13/2020 by The Frandsen Bank & Trust reported 156 jobs and $2,171,423 was used to fund payroll.

South central coop is Existing or more than 2 years old

SOUTH CENTRAL COOP

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTH CENTRAL COOP

Borrower Address

27875 County Road 27

Borrower City

SLEEPY EYE

Borrower State

MN

Borrower Zip

56085

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2390500.00

Current Approval Amount

2171423.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SLEEPY EYE

Project County Name

BROWN

Project State

MN

Project Zip

56085-0003

CD

MN-01

Jobs Reported

156

NAICS Code

115112

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

239050.00

Payroll Proceed

1592800.00

Mortgage Interest Proceed

339573.00

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

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2196052.29

Forgiveness Date

06/11/2021

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