ALBERS AUTO BODY, INC. (MN) - 2020 PPP Loan Borrower Profile (# 8014647006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBERS AUTO BODY, 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

8014647006

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$41,977

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$42,286

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,493

Payroll Proced

31,484

Lender

First Farmers & Merchants Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811198

Borrower Location

RED WING, MN

Project Location

RED WING, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.