AMERICAN LEGION POST 47 (MN) - 2020 PPP Loan Borrower Profile (# 6628697201)

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

6628697201

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$74,237

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$74,738.1

Date Loan was Forgiven

Dec 31, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,800

Payroll Proced

69,337

Mortgage Interest Proceed

2,100

Lender

Vermillion State Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

813990

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.