AD FOODS INC (MN) - 2020 PPP Loan Borrower Profile (# 6566537007)

Updated on April 18, 2025.

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

6566537007

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$78,600

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$79,294.3

Date Loan was Forgiven

Mar 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,450

Payroll Proced

63,403

Mortgage Interest Proceed

3,000

Rent Proceed

10,747

Lender

Merchants Bank, National Association

Business Detail

Business Type

Corporation

NAICS

722511

Borrower Location

BURNSVILLE, MN

Project Location

BURNSVILLE, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.