PPP Loan information for True friends

$836,000

True friends was initially approved for PPP Loan of amount $836,000, the current approved amount is $836,000. The loan was approved on 04/10/2020 by The Lake Central Bank reported 115 jobs and $836,000 was used to fund payroll.

True friends is Existing or more than 2 years old

PPP Loan Search / MN / ANNANDALE / True friends

TRUE FRIENDS

Date Approved

04/10/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

TRUE FRIENDS

Borrower Address

10509 108TH ST

Borrower City

ANNANDALE

Borrower State

MN

Borrower Zip

55302-2912

Loan Status Date

04/03/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

836000.00

Current Approval Amount

836000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36601

Servicing Lender Name

Lake Central Bank

Servicing Lender Address

40 Chestnut St W

Servicing Lender City

ANNANDALE

Servicing Lender State

MN

Servicing Lender Zip

55302

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANNANDALE

Project County Name

WRIGHT

Project State

MN

Project Zip

55302-2912

CD

MN-06

Jobs Reported

115

NAICS Code

721214

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

836000.00

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

Professional Association

Originating Lender Location Id

36601

Originating Lender

Lake Central Bank

Originating Lender City

ANNANDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

843500.78

Forgiveness Date

03/10/2021

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