AMERECT INC. (MN) - 2020 PPP Loan Borrower Profile (# 3157458608)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERECT 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

3157458608

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$1,528,384

Date Loan was Approved

Mar 16, 2021

Amount Forgiven

$1,537,384.48

Date Loan was Forgiven

Oct 26, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,528,380

Lender

Alliance Bank

Business Detail

Business Type

Corporation

NAICS

238120

Borrower Location

Newport, MN

Project Location

Newport, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.