ADAM NIEMALA (MN) - 2020 PPP Loan Borrower Profile (# 5064448300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM NIEMALA. 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

5064448300

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$57,200

Date Loan was Approved

Jan 25, 2021

Amount Forgiven

$57,481.23

Date Loan was Forgiven

Aug 6, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

57,199

Lender

Woodland Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

238990

Borrower Location

Grand Rapids, MN

Project Location

Grand Rapids, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.