PPP Loan information for Southwest initiative foundation

$340,000

Southwest initiative foundation was initially approved for PPP Loan of amount $340,000, the current approved amount is $340,000. The loan was approved on 04/11/2020 by The Citizens Bank & Trust Co reported 23 jobs and $340,000 was used to fund payroll.

Southwest initiative foundation is Existing or more than 2 years old

PPP Loan Search / MN / HUTCHINSON / Southwest initiative foundation

SOUTHWEST INITIATIVE FOUNDATION

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

SOUTHWEST INITIATIVE FOUNDATION

Borrower Address

15 3RD AVE NW

Borrower City

HUTCHINSON

Borrower State

MN

Borrower Zip

55350-1643

Loan Status Date

04/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

340000.00

Current Approval Amount

340000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38252

Servicing Lender Name

Citizens Bank & Trust Co

Servicing Lender Address

102 Main St S

Servicing Lender City

HUTCHINSON

Servicing Lender State

MN

Servicing Lender Zip

55350-2575

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUTCHINSON

Project County Name

MCLEOD

Project State

MN

Project Zip

55350-1643

CD

MN-07

Jobs Reported

23

NAICS Code

926110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

340000.00

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

38252

Originating Lender

Citizens Bank & Trust Co

Originating Lender City

HUTCHINSON

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

343064.66

Forgiveness Date

03/15/2021

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