1 BETTER LLC (MN) - 2020 PPP Loan Borrower Profile (# 6167137204)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1 BETTER LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Minnesota.

Loan Detail

Loan Number

6167137204

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$201,100

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$203,205.96

Date Loan was Forgiven

May 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,100

Payroll Proced

170,000

Rent Proceed

25,000

Health Care Proceed

3,000

Lender

Americana Community Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541810

Borrower Location

SAINT CLOUD, MN

Project Location

SAINT CLOUD, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.