AD-ART INC. (MN) - 2020 PPP Loan Borrower Profile (# 3253088909)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AD-ART 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

3253088909

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$43,790

Date Loan was Approved

Apr 27, 2021

Amount Forgiven

$43,967.59

Date Loan was Forgiven

Sep 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

43,790

Lender

Home Federal Savings Bank

Business Detail

Business Type

Corporation

NAICS

323113

Borrower Location

Albert Lea, MN

Project Location

Albert Lea, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.