8BITSTUDIO DESIGN LLC (MN) - 2020 PPP Loan Borrower Profile (# 4480257006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 8BITSTUDIO DESIGN LLC. 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

4480257006

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$44,500

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$44,721.26

Date Loan was Forgiven

Oct 13, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,500

Payroll Proced

35,605.28

Mortgage Interest Proceed

4,394.72

Lender

Central Bank & Trust

Business Detail

Business Type

Corporation

NAICS

541613

Borrower Location

HUTCHINSON, MN

Project Location

HUTCHINSON, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.