ADVANCED RESEARCH CORPORATION (MN) - 2020 PPP Loan Borrower Profile (# 3389058300)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADVANCED RESEARCH CORPORATION. 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
3389058300
SBA Office Code
0508
Processing Method
PPS
Curent Loan Amount
$269,457.82
Date Loan was Approved
Jan 22, 2021
Amount Forgiven
$273,020.65
Date Loan was Forgiven
May 17, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
269,456.82
Lender
BankCherokee
Business Detail
Business Type
Corporation
NAICS
334413
Borrower Location
White Bear Lake, MN
Project Location
White Bear Lake, MN
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
26
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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