PPP Loan information for Downs food group, inc.

$760,100

Downs food group, inc. was initially approved for PPP Loan of amount $760,100, the current approved amount is $760,100. The loan was approved on 04/08/2020 by The Deerwood Bank reported 42 jobs and $760,100 was used to fund payroll.

Downs food group, inc. is Existing or more than 2 years old

PPP Loan Search / MN / MANKATO / Downs food group, inc.

DOWNS FOOD GROUP, INC.

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

DOWNS FOOD GROUP, INC.

Borrower Address

54934 210th Lane

Borrower City

MANKATO

Borrower State

MN

Borrower Zip

56001-2100

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

760100.00

Current Approval Amount

760100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MANKATO

Project County Name

BLUE EARTH

Project State

MN

Project Zip

56001-2100

CD

MN-01

Jobs Reported

42

NAICS Code

311615

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2387.00

Payroll Proceed

546688.00

Mortgage Interest Proceed

0.00

Rent Proceed

22916.00

Refinance EIDL Proceed

0.00

Health Care Proceed

188109.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

772050.46

Forgiveness Date

10/28/2021

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