2POINT2 TOOL, INC (MN) - 2020 PPP Loan Borrower Profile (# 2565877200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 2POINT2 TOOL, 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

2565877200

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$114,500

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$115,444.63

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

114,500

Lender

Community Resource Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

333515

Borrower Location

ELKO NEW MARKET, MN

Project Location

ELKO NEW MARKET, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.