A E CONRAD COMPANY (MN) - 2020 PPP Loan Borrower Profile (# 5837357010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A E CONRAD COMPANY. 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

5837357010

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$684,000

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$691,638

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

42,750

Payroll Proced

513,000

Mortgage Interest Proceed

42,750

Rent Proceed

42,750

Debt Interest Proceed

42,750

Lender

MidWestOne Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236220

Borrower Location

MINNEAPOLIS, MN

Project Location

MINNEAPOLIS, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.