AMERICAN CONTRACT SYSTEMS, INC. (MN) - 2020 PPP Loan Borrower Profile (# 9271957000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN CONTRACT SYSTEMS, 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

9271957000

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,894,800

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$1,906,116.89

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,894,800

Lender

Old National Bank

Business Detail

Business Type

Corporation

NAICS

339113

Borrower Location

MINNEAPOLIS, MN

Project Location

MINNEAPOLIS, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

198

Business Age Description

Existing or more than 2 years old

Data Source: SBA.