AMELL INDUSTRIES, INC (MN) - 2020 PPP Loan Borrower Profile (# 7254917706)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMELL INDUSTRIES, 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

7254917706

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$201,797

Date Loan was Approved

May 1, 2020

Amount Forgiven

$202,922.67

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

201,797

Lender

U.S. Bank, National Association

Business Detail

Business Type

Corporation

NAICS

339999

Borrower Location

OAK GROVE, MN

Project Location

OAK GROVE, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.