AALTO,LLC (MN) - 2020 PPP Loan Borrower Profile (# 1087977108)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AALTO,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

1087977108

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$121,000

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$121,769.69

Date Loan was Forgiven

Dec 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

104,200

Rent Proceed

5,500

Health Care Proceed

9,300

Lender

Alerus Financial, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

621399

Borrower Location

HOPKINS, MN

Project Location

HOPKINS, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.