ALARM & COMMUNICATION SYSTEMS INC (MN) - 2020 PPP Loan Borrower Profile (# 6002437202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALARM & COMMUNICATION SYSTEMS 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

6002437202

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$59,800

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$60,298.06

Date Loan was Forgiven

Mar 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

55,515

Health Care Proceed

4,285

Lender

MidCountry Bank

Business Detail

Business Type

Corporation

NAICS

561621

Borrower Location

INVER GROVE HEIGHTS, MN

Project Location

INVER GROVE HEIGHTS, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.