AMERICAN LEGION CLUB POST #65 (MN) - 2020 PPP Loan Borrower Profile (# 1641547803)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION CLUB POST #65. 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

1641547803

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$15,680

Date Loan was Approved

May 21, 2020

Amount Forgiven

$15,778.6

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,682

Payroll Proced

12,944

Debt Interest Proceed

1,054

Lender

Vermillion State Bank

Business Detail

Business Type

Professional Association

NAICS

813410

Borrower Location

ROSEMOUNT, MN

Project Location

ROSEMOUNT, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.