16 PENNY INC. (MN) - 2020 PPP Loan Borrower Profile (# 8129257203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 16 PENNY 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

8129257203

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$38,877

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$39,166.71

Date Loan was Forgiven

Jan 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,719

Payroll Proced

29,158

Lender

Northern State Bank of Thief River Falls

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

THIEF RIVER FALLS, MN

Project Location

THIEF RIVER FALLS, 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.