AAA AUTO SALVAGE, INC. (MN) - 2020 PPP Loan Borrower Profile (# 5207567009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AAA AUTO SALVAGE, 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

5207567009

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$941,400

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$950,317.15

Date Loan was Forgiven

Mar 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,300

Payroll Proced

813,400

Rent Proceed

88,600

Health Care Proceed

21,800

Debt Interest Proceed

8,300

Lender

Vermillion State Bank

Business Detail

Business Type

Corporation

NAICS

441310

Borrower Location

ROSEMOUNT, MN

Project Location

ROSEMOUNT, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.