PPP Loan information for American gear products llc

$724,878

American gear products llc was initially approved for PPP Loan of amount $724,878, the current approved amount is $724,878. The loan was approved on 02/23/2021 by The Frandsen Bank & Trust reported 60 jobs and $724,878 was used to fund payroll.

American gear products llc is Existing or more than 2 years old

PPP Loan Search / MN / Brooklyn Park / American gear products llc

AMERICAN GEAR PRODUCTS LLC

Date Approved

02/23/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

AMERICAN GEAR PRODUCTS LLC

Borrower Address

7204 Winnetka Ave N

Borrower City

Brooklyn Park

Borrower State

MN

Borrower Zip

55428-1622

Loan Status Date

01/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

724878.00

Current Approval Amount

724878.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn Park

Project County Name

HENNEPIN

Project State

MN

Project Zip

55428-1622

CD

MN-03

Jobs Reported

60

NAICS Code

332111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

724872.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

730557.87

Forgiveness Date

12/17/2021

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