AMERICAN LEGION POST 56 (MN) - 2020 PPP Loan Borrower Profile (# 3776238709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST 56. 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

3776238709

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$35,631

Date Loan was Approved

Mar 31, 2021

Amount Forgiven

$35,895.26

Date Loan was Forgiven

Dec 29, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

35,626

Lender

Security Bank Minnesota

Business Detail

Business Type

Non-Profit Organization

NAICS

813410

Borrower Location

Albert Lea, MN

Project Location

Albert Lea, 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.