ADVANCE INSURANCE AGENCY INC. (MN) - 2020 PPP Loan Borrower Profile (# 8366057010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE INSURANCE AGENCY 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

8366057010

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$308,130

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$310,130.73

Date Loan was Forgiven

Dec 8, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

15,403

Payroll Proced

231,100

Rent Proceed

61,627

Lender

Tradition Capital Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

524210

Borrower Location

MINNEAPOLIS, MN

Project Location

MINNEAPOLIS, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.