ALBERT LEA NEWSPAPERS INC. (MN) - 2020 PPP Loan Borrower Profile (# 3992158300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBERT LEA NEWSPAPERS 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

3992158300

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$178,102.5

Date Loan was Approved

Jan 22, 2021

Amount Forgiven

$146,560.14

Date Loan was Forgiven

Jun 3, 2022

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

178,097.5

Lender

SmartBank

Business Detail

Business Type

Corporation

NAICS

511110

Borrower Location

Albert Lea, MN

Project Location

Albert Lea, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.