PPP Loan information for Faribault art center, inc.

$27,500

Faribault art center, inc. was initially approved for PPP Loan of amount $27,500, the current approved amount is $27,500. The loan was approved on 04/27/2020 by The Reliance Bank reported 6 jobs and $27,500 was used to fund payroll.

Faribault art center, inc. is Existing or more than 2 years old

PPP Loan Search / MN / FARIBAULT / Faribault art center, inc.

FARIBAULT ART CENTER, INC.

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FARIBAULT ART CENTER, INC.

Borrower Address

321 CENTRAL AVE N

Borrower City

FARIBAULT

Borrower State

MN

Borrower Zip

55021-5214

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

27500.00

Current Approval Amount

27500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

449710

Servicing Lender Name

Reliance Bank

Servicing Lender Address

2300 NW 30th St

Servicing Lender City

FARIBAULT

Servicing Lender State

MN

Servicing Lender Zip

55021-1938

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

55021-5214

CD

MN-01

Jobs Reported

6

NAICS Code

711110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6875.00

Payroll Proceed

20625.00

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

Non-Profit Organization

Originating Lender Location Id

449710

Originating Lender

Reliance Bank

Originating Lender City

FARIBAULT

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

27705.68

Forgiveness Date

01/28/2021

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