ABBAS INC (MN) - 2020 PPP Loan Borrower Profile (# 5118408502)

Updated on April 18, 2025.

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

5118408502

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$4,750

Date Loan was Approved

Feb 27, 2021

Amount Forgiven

$4,770.04

Date Loan was Forgiven

Aug 6, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

4,746

Lender

MidCountry Bank

Business Detail

Business Type

Corporation

NAICS

453998

Borrower Location

Bloomington, MN

Project Location

Bloomington, 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.