ABLE BUILDERS INC. (MN) - 2020 PPP Loan Borrower Profile (# 4372288602)

Updated on April 18, 2025.

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

4372288602

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$58,460

Date Loan was Approved

Mar 18, 2021

Amount Forgiven

$58,697.09

Date Loan was Forgiven

Aug 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

58,458

Lender

Lake Central Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236115

Borrower Location

Clearwater, MN

Project Location

Clearwater, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.