AHOLA, MACK, & ASSOCIATES LTD (MN) - 2020 PPP Loan Borrower Profile (# 5801687002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AHOLA, MACK, & ASSOCIATES LTD. 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

5801687002

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$149,455

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$150,654.73

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

133,150

Rent Proceed

7,160

Debt Interest Proceed

9,145

Lender

Lake Elmo Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

541211

Borrower Location

STILLWATER, MN

Project Location

STILLWATER, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.