PPP Loan information for Team academy

$249,915

Team academy was initially approved for PPP Loan of amount $249,915, the current approved amount is $249,915. The loan was approved on 02/12/2021 by The Minnwest Bank reported 29 jobs and $249,915 was used to fund payroll.

Team academy is Existing or more than 2 years old

TEAM ACADEMY

Date Approved

02/12/2021

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TEAM ACADEMY

Borrower Address

220 17th Ave NE

Borrower City

Waseca

Borrower State

MN

Borrower Zip

56093-2753

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

249915.00

Current Approval Amount

249915.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36636

Servicing Lender Name

Minnwest Bank

Servicing Lender Address

300 S Washington St

Servicing Lender City

REDWOOD FALLS

Servicing Lender State

MN

Servicing Lender Zip

56283-1658

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Waseca

Project County Name

WASECA

Project State

MN

Project Zip

56093-2753

CD

MN-01

Jobs Reported

29

NAICS Code

611110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

249912.00

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

501(c)3 – Non Profit

Originating Lender Location Id

36636

Originating Lender

Minnwest Bank

Originating Lender City

REDWOOD FALLS

Originating Lender State

MN

Gender

Female Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

251310.36

Forgiveness Date

09/08/2021

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