PPP Loan information for Iverson corner drug, inc.

$86,700

Iverson corner drug, inc. was initially approved for PPP Loan of amount $86,700, the current approved amount is $86,700. The loan was approved on 04/05/2020 by The RiverWood Bank reported 7 jobs and $86,700 was used to fund payroll.

Iverson corner drug, inc. is Existing or more than 2 years old

PPP Loan Search / MN / BEMIDJI / Iverson corner drug, inc.

IVERSON CORNER DRUG, INC.

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

IVERSON CORNER DRUG, INC.

Borrower Address

408 MINNESOTA AVE NW

Borrower City

BEMIDJI

Borrower State

MN

Borrower Zip

56601-3127

Loan Status Date

02/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86700.00

Current Approval Amount

86700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78088

Servicing Lender Name

RiverWood Bank

Servicing Lender Address

14540 Dellwood Dr

Servicing Lender City

BAXTER

Servicing Lender State

MN

Servicing Lender Zip

56425-9744

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BEMIDJI

Project County Name

BELTRAMI

Project State

MN

Project Zip

56601-3127

CD

MN-08

Jobs Reported

7

NAICS Code

446110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1046.00

Payroll Proceed

73547.00

Mortgage Interest Proceed

5987.00

Rent Proceed

6120.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

78088

Originating Lender

RiverWood Bank

Originating Lender City

BAXTER

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87323.76

Forgiveness Date

12/31/2020

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