PPP Loan information for Community co-op association

$432,100

Community co-op association was initially approved for PPP Loan of amount $432,100, the current approved amount is $432,100. The loan was approved on 04/07/2020 by The The State Bank of Faribault reported 49 jobs and $432,100 was used to fund payroll.

Community co-op association is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Community co-op association

COMMUNITY CO-OP ASSOCIATION

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

COMMUNITY CO-OP ASSOCIATION

Borrower Address

9 CENTRAL AVE

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-5208

Loan Status Date

01/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

432100.00

Current Approval Amount

432100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38055

Servicing Lender Name

The State Bank of Faribault

Servicing Lender Address

428 Central Ave

Servicing Lender City

FARIBAULT

Servicing Lender State

MN

Servicing Lender Zip

55021-5217

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARIBAULT

Project County Name

RICE

Project State

MN

Project Zip

55021-5208

CD

MN-01

Jobs Reported

49

NAICS Code

447110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

432100.00

Payroll Proceed

0.00

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

Cooperative

Originating Lender Location Id

38055

Originating Lender

The State Bank of Faribault

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

424937.45

Forgiveness Date

12/14/2020

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