651 CARPETS INC (MN) - 2020 PPP Loan Borrower Profile (# 6428848505)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 651 CARPETS 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

6428848505

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$150,000

Date Loan was Approved

Mar 3, 2021

Amount Forgiven

$150,966.67

Date Loan was Forgiven

Oct 25, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

149,996

Lender

VisionBank

Business Detail

Business Type

Corporation

NAICS

238330

Borrower Location

Andover, MN

Project Location

Andover, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.