PPP Loan information for Minneapolis college for art and design

$1,956,400

Minneapolis college for art and design was initially approved for PPP Loan of amount $1,956,400, the current approved amount is $1,956,400. The loan was approved on 06/12/2020 by The Alerus Financial, National Association reported 414 jobs and $1,956,400 was used to fund payroll.

Minneapolis college for art and design is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / Minneapolis college for art and design

MINNEAPOLIS COLLEGE FOR ART AND DESIGN

Date Approved

06/12/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MINNEAPOLIS COLLEGE FOR ART AND DESIGN

Borrower Address

2501 STEVENS AVENUE

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55404-4343

Loan Status Date

05/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1956400.00

Current Approval Amount

1956400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MINNEAPOLIS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55404-4343

CD

MN-05

Jobs Reported

414

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

489100.00

Payroll Proceed

1467300.00

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

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

1971670.79

Forgiveness Date

03/31/2021

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