AMERICAN LEGION POST #545 (MN) - 2020 PPP Loan Borrower Profile (# 4617428410)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST #545. 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

4617428410

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$158,431

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$159,589.93

Date Loan was Forgiven

Nov 5, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

158,430

Lender

United Prairie Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

722511

Borrower Location

Spicer, MN

Project Location

Spicer, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.