PPP Loan information for The cradle club, inc.

$491,700

The cradle club, inc. was initially approved for PPP Loan of amount $491,700, the current approved amount is $491,700. The loan was approved on 04/12/2020 by The Frandsen Bank & Trust reported 76 jobs and $491,700 was used to fund payroll.

The cradle club, inc. is Existing or more than 2 years old

PPP Loan Search / MN / EDEN PRAIRIE / The cradle club, inc.

THE CRADLE CLUB, INC.

Date Approved

04/12/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

THE CRADLE CLUB, INC.

Borrower Address

16935 Cedarcrest Drive

Borrower City

EDEN PRAIRIE

Borrower State

MN

Borrower Zip

55347-3761

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

491700.00

Current Approval Amount

491700.00

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

EDEN PRAIRIE

Project County Name

HENNEPIN

Project State

MN

Project Zip

55347-3761

CD

MN-03

Jobs Reported

76

NAICS Code

713940

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

49170.00

Payroll Proceed

368775.00

Mortgage Interest Proceed

73755.00

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

497667.76

Forgiveness Date

07/09/2021

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