1ST CHOICE DOCUMENT DESTRUCTION INC (MN) - 2020 PPP Loan Borrower Profile (# 7406767001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST CHOICE DOCUMENT DESTRUCTION 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

7406767001

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$12,500

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$12,575.69

Date Loan was Forgiven

Nov 19, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

12,500

Lender

The First National Bank of Milaca

Business Detail

Business Type

Corporation

NAICS

561990

Borrower Location

MILACA, MN

Project Location

MILACA, 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.