494 RESTAURANTS, INC. (MN) - 2020 PPP Loan Borrower Profile (# 5389057009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 494 RESTAURANTS, 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

5389057009

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$272,500

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$275,150.34

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

272,500

Lender

Bremer Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

722513

Borrower Location

PRIOR LAKE, MN

Project Location

PRIOR LAKE, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.