ADMIRAL-MERCHANTS MOTOR FREIGHT INC. (MN) - 2020 PPP Loan Borrower Profile (# 2863248803)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADMIRAL-MERCHANTS MOTOR FREIGHT 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

2863248803

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$877,800

Date Loan was Approved

Apr 13, 2021

Amount Forgiven

$883,018.03

Date Loan was Forgiven

Nov 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

877,800

Lender

21st Century Bank

Business Detail

Business Type

Corporation

NAICS

484121

Borrower Location

Minneapolis, MN

Project Location

Minneapolis, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.