AFFORDABLE AUTO SALES, INC. (MN) - 2020 PPP Loan Borrower Profile (# 6256377208)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AFFORDABLE AUTO SALES, 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

6256377208

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$24,755

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$24,913.16

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,400

Payroll Proced

16,355

Rent Proceed

7,000

Lender

Security Bank and Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

441120

Borrower Location

Cambridge, MN

Project Location

Cambridge, 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.