PPP Loan information for Macphail center for music

$1,435,340

Macphail center for music was initially approved for PPP Loan of amount $1,435,340, the current approved amount is $1,435,340. The loan was approved on 02/25/2021 by The Old National Bank reported 274 jobs and $1,435,340 was used to fund payroll.

Macphail center for music is Existing or more than 2 years old

PPP Loan Search / MN / Minneapolis / Macphail center for music

MACPHAIL CENTER FOR MUSIC

Date Approved

02/25/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

MACPHAIL CENTER FOR MUSIC

Borrower Address

501 S 2nd St

Borrower City

Minneapolis

Borrower State

MN

Borrower Zip

55401-2383

Loan Status Date

06/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1435340.00

Current Approval Amount

1435340.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

21641

Servicing Lender Name

Old National Bank

Servicing Lender Address

One Main St

Servicing Lender City

EVANSVILLE

Servicing Lender State

IN

Servicing Lender Zip

47708-1449

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Minneapolis

Project County Name

HENNEPIN

Project State

MN

Project Zip

55401-2383

CD

MN-05

Jobs Reported

274

NAICS Code

611610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1435338.00

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

21641

Originating Lender

Old National Bank

Originating Lender City

EVANSVILLE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1453153.95

Forgiveness Date

05/26/2022

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