1ST OF THAI MN INC (MN) - 2020 PPP Loan Borrower Profile (# 8483587004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1ST OF THAI MN 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

8483587004

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$56,500

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$57,035.18

Date Loan was Forgiven

Mar 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,844

Payroll Proced

45,256

Rent Proceed

8,400

Lender

Citizens Community Federal National Association

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

FARIBAULT, MN

Project Location

FARIBAULT, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.