AMERICAN LEGION POST 16 (MN) - 2020 PPP Loan Borrower Profile (# 4864198007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST 16. 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

4864198007

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$21,725

Date Loan was Approved

Jun 26, 2020

Amount Forgiven

$21,839.66

Date Loan was Forgiven

Jan 13, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

1,725

Payroll Proced

20,000

Lender

The First National Bank of Bagley

Business Detail

Business Type

Non-Profit Organization

NAICS

813410

Borrower Location

Bagley, MN

Project Location

Bagley, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.