ADAM R PETERSON INC (MN) - 2020 PPP Loan Borrower Profile (# 7457187102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM R PETERSON 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

7457187102

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$20,380

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$20,509.84

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

20,380

Lender

U.S. Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

524126

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.