AMERICAN LEGION POST 500-CROSSLAKE (MN) - 2020 PPP Loan Borrower Profile (# 7122098507)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST 500-CROSSLAKE. 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

7122098507

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$18,000

Date Loan was Approved

Mar 5, 2021

Amount Forgiven

$18,075.5

Date Loan was Forgiven

Aug 10, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

17,995

Lender

First National Bank North

Business Detail

Business Type

501(c)19 ¿ Non Profit Veterans

NAICS

813410

Borrower Location

Crosslake, MN

Project Location

Crosslake, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.