ALBIE ELECTRIC, LLC (MN) - 2020 PPP Loan Borrower Profile (# 8251757400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBIE ELECTRIC, 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

8251757400

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$2,500

Date Loan was Approved

May 18, 2020

Amount Forgiven

$2,513.12

Date Loan was Forgiven

Nov 27, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

600

Payroll Proced

1,879

Debt Interest Proceed

Lender

First International Bank & Trust

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

STAPLES, MN

Project Location

STAPLES, 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.