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 03/25/2021 by The Reliance Bank reported 3 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

03/25/2021

SBA Office Code

0508

Processing Method

PPS

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

01/06/2022

Loan Status

Paid in Full

Term

60

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

N

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

3

NAICS Code

711110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

27498.00

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

27695.14

Forgiveness Date

12/16/2021

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