1881 EXTRACTION COMPANY (MN) - 2020 PPP Loan Borrower Profile (# 2298418301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1881 EXTRACTION COMPANY. 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

2298418301

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$26,702.5

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$26,820.28

Date Loan was Forgiven

Jul 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

26,700.5

Lender

The Goose River Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

312230

Borrower Location

Minneapolis, MN

Project Location

Minneapolis, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.