ADVANCED PROCESS TECHNOLOGIES, INC (MN) - 2020 PPP Loan Borrower Profile (# 7056587005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED PROCESS TECHNOLOGIES, 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

7056587005

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,750,000

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$1,763,611.11

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,750,000

Lender

The First National Bank of Cokato

Business Detail

Business Type

Subchapter S Corporation

NAICS

332312

Borrower Location

COKATO, MN

Project Location

COKATO, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

103

Business Age Description

Existing or more than 2 years old

Data Source: SBA.