PPP Loan information for Southwest initiative foundation

$385,458

Southwest initiative foundation was initially approved for PPP Loan of amount $385,458, the current approved amount is $385,458. The loan was approved on 05/02/2021 by The Citizens Bank & Trust Co reported 25 jobs and $385,458 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

05/02/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

SOUTHWEST INITIATIVE FOUNDATION

Borrower Address

15 3rd Ave NW

Borrower City

Hutchinson

Borrower State

MN

Borrower Zip

55350-1643

Loan Status Date

03/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

385457.50

Current Approval Amount

385457.50

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

25

NAICS Code

813211

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

385455.50

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

388351.07

Forgiveness Date

02/11/2022

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