5 Q GROUP INC (MN) - 2020 PPP Loan Borrower Profile (# 1591458307)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to 5 Q GROUP 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
1591458307
SBA Office Code
0508
Processing Method
PPS
Curent Loan Amount
$86,552
Date Loan was Approved
Jan 19, 2021
Amount Forgiven
$87,032.84
Date Loan was Forgiven
Aug 11, 2021
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
86,550
Lender
Sterling State Bank
Business Detail
Business Type
Corporation
NAICS
541613
Borrower Location
Rochester, MN
Project Location
Rochester, MN
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
4
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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