PPP Loan information for Commerce label, inc.

$297,209

Commerce label, inc. was initially approved for PPP Loan of amount $297,209, the current approved amount is $297,209. The loan was approved on 04/13/2020 by The First Security Bank reported 15 jobs and $297,209 was used to fund payroll.

Commerce label, inc. is Existing or more than 2 years old

PPP Loan Search / MN / Plymouth / Commerce label, inc.

COMMERCE LABEL, INC.

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

COMMERCE LABEL, INC.

Borrower Address

5400 NATHAN LN N, STE 150

Borrower City

Plymouth

Borrower State

MN

Borrower Zip

55442-1953

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

297208.57

Current Approval Amount

297208.57

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36696

Servicing Lender Name

First Security Bank

Servicing Lender Address

316 Byron Ave N

Servicing Lender City

BYRON

Servicing Lender State

MN

Servicing Lender Zip

55920-1480

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Plymouth

Project County Name

HENNEPIN

Project State

MN

Project Zip

55442-1953

CD

MN-03

Jobs Reported

15

NAICS Code

561910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

267208.57

Mortgage Interest Proceed

10000.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36696

Originating Lender

First Security Bank

Originating Lender City

BYRON

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

299495.42

Forgiveness Date

01/25/2021

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