AMERICAN LEGION WALTER SCOTT ERICKSON POST 557 (MN) - 2020 PPP Loan Borrower Profile (# 7171897206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LEGION WALTER SCOTT ERICKSON POST 557. 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

7171897206

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$13,337

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$13,422.25

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,221

Payroll Proced

10,116

Lender

Deerwood Bank

Business Detail

Business Type

Non-Profit Organization

NAICS

813990

Borrower Location

DEERWOOD, MN

Project Location

DEERWOOD, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.