ALBERS ASSOCIATES (MN) - 2020 PPP Loan Borrower Profile (# 8506877905)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBERS ASSOCIATES. 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

8506877905

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$20,800

Date Loan was Approved

Jun 18, 2020

Amount Forgiven

$20,908.04

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

20,800

Lender

Community Resource Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

424320

Borrower Location

NORTHFIELD, MN

Project Location

NORTHFIELD, 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.