AFRO AMERICAN DEVELOPMENT ASSOCIATION (MN) - 2020 PPP Loan Borrower Profile (# 5018697406)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AFRO AMERICAN DEVELOPMENT ASSOCIATION. 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

5018697406

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$14,802

Date Loan was Approved

May 11, 2020

Amount Forgiven

$14,998.28

Date Loan was Forgiven

Sep 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

14,802

Lender

Wells Fargo Bank, National Association

Business Detail

Business Type

Professional Association

NAICS

813410

Borrower Location

MOORHEAD, MN

Project Location

MOORHEAD, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.