Date Approved
04/07/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
MINNESOTA ACOUSTICS, INC.
Borrower Address
8750 JEFFERSON HWY
Borrower City
MAPLE GROVE
Borrower State
MN
Borrower Zip
55369-1540
Loan Status Date
01/12/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
482649.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
38024
Servicing Lender Name
Fidelity Bank
Servicing Lender Address
7600 Parklawn Ave
Servicing Lender City
EDINA
Servicing Lender State
Servicing Lender Zip
55435-5125
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
HENNEPIN
Project State
Project Zip
CD
MN-03
Jobs Reported
26
NAICS Code
238310
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
1520.41
Payroll Proceed
476586.61
Mortgage Interest Proceed
Rent Proceed
4541.98
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Veteran
Non Profit
Forgiveness Amount
485987.32
Forgiveness Date
12/22/2020