ABILITY BUILDING CENTER INC. (MN) - 2020 PPP Loan Borrower Profile (# 6728028301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABILITY BUILDING CENTER 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

6728028301

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$1,576,745

Date Loan was Approved

Jan 27, 2021

Amount Forgiven

$1,588,570.59

Date Loan was Forgiven

Oct 27, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,576,744

Lender

Sterling State Bank

Business Detail

Business Type

Corporation

NAICS

624120

Borrower Location

Rochester, MN

Project Location

Rochester, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

186

Business Age Description

Existing or more than 2 years old

Data Source: SBA.