AMERICAN BUSINESS GROUP LLC (MN) - 2020 PPP Loan Borrower Profile (# 2515137105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN BUSINESS GROUP 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

2515137105

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$119,200

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$120,620.6

Date Loan was Forgiven

Jul 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

119,200

Lender

BMO Bank National Association

Business Detail

Business Type

Partnership

NAICS

424990

Borrower Location

COTTAGE GROVE, MN

Project Location

COTTAGE 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.