AMERICAN LEGION POST 47 (MN) - 2020 PPP Loan Borrower Profile (# 2016418304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST 47. 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

2016418304

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$101,426.5

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$101,868.83

Date Loan was Forgiven

Jul 2, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

101,426.5

Lender

Vermillion State Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

722410

Borrower Location

Hastings, MN

Project Location

Hastings, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.