PPP Loan information for New horizon foods inc

$4,057,523

New horizon foods inc was initially approved for PPP Loan of amount $4,502,300, the current approved amount is $4,057,523. The loan was approved on 04/03/2020 by The Platinum Bank reported 500 jobs and $4,057,523 was used to fund payroll.

New horizon foods inc is Existing or more than 2 years old

PPP Loan Search / MN / MINNEAPOLIS / New horizon foods inc

NEW HORIZON FOODS INC

Date Approved

04/03/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NEW HORIZON FOODS INC

Borrower Address

2207 FLAG AVE

Borrower City

MINNEAPOLIS

Borrower State

MN

Borrower Zip

55426-2330

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

4502300.00

Current Approval Amount

4057523.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

446001

Servicing Lender Name

Platinum Bank

Servicing Lender Address

7667 10th St N

Servicing Lender City

OAKDALE

Servicing Lender State

MN

Servicing Lender Zip

55128-5339

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

55426-2330

CD

MN-05

Jobs Reported

500

NAICS Code

722310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4057523.00

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

Subchapter S Corporation

Originating Lender Location Id

446001

Originating Lender

Platinum Bank

Originating Lender City

OAKDALE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4105101.63

Forgiveness Date

06/11/2021

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