1C8D INC (MN) - 2020 PPP Loan Borrower Profile (# 5248687006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1C8D INC. 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

5248687006

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$13,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$13,095.18

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,200

Payroll Proced

10,500

Rent Proceed

1,300

Lender

Frandsen Bank & Trust

Business Detail

Business Type

Corporation

NAICS

445310

Borrower Location

TOWER, MN

Project Location

TOWER, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.