5 CENT PLUS INC. (MN) - 2020 PPP Loan Borrower Profile (# 5115728400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5 CENT PLUS 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

5115728400

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$13,790

Date Loan was Approved

Feb 7, 2021

Amount Forgiven

$13,854.61

Date Loan was Forgiven

Aug 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

13,788

Lender

Minnwest Bank

Business Detail

Business Type

Corporation

NAICS

111191

Borrower Location

Sanborn, MN

Project Location

Sanborn, 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.