ADVANCED COIL TECHNOLOGY LLC (MN) - 2020 PPP Loan Borrower Profile (# 7320378302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED COIL TECHNOLOGY LLC. 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

7320378302

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$156,690

Date Loan was Approved

Jan 28, 2021

Amount Forgiven

$157,806.15

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

156,687

Lender

Bremer Bank, National Association

Business Detail

Business Type

Limited Liability Partnership

NAICS

333415

Borrower Location

Owatonna, MN

Project Location

Owatonna, 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.