ALATUS LLC (MN) - 2020 PPP Loan Borrower Profile (# 6540867003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALATUS LLC. 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

6540867003

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$253,400

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$256,052.02

Date Loan was Forgiven

May 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,762

Payroll Proced

190,000

Mortgage Interest Proceed

24,638

Rent Proceed

34,000

Lender

Bridgewater Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

531312

Borrower Location

MINNEAPOLIS, MN

Project Location

MINNEAPOLIS, 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.