AMERICAN LEGION POST 566 (MN) - 2020 PPP Loan Borrower Profile (# 4117597303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION POST 566. 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

4117597303

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$48,100

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$48,458.44

Date Loan was Forgiven

Feb 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

42,960

Mortgage Interest Proceed

2,140

Lender

First Resource Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

722511

Borrower Location

CIRCLE PINES, MN

Project Location

CIRCLE PINES, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.