ADVANCED RESOURCE MANUFACTURING, INC. (MN) - 2020 PPP Loan Borrower Profile (# 8002967109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED RESOURCE MANUFACTURING, 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

8002967109

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$26,385

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$26,544.76

Date Loan was Forgiven

Dec 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,638

Payroll Proced

19,789

Mortgage Interest Proceed

3,958

Lender

Frandsen Bank & Trust

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

LONSDALE, MN

Project Location

LONSDALE, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.