AMERICAN PRESSURE INC (MN) - 2020 PPP Loan Borrower Profile (# 3236008306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN PRESSURE INC. 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

3236008306

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$241,400

Date Loan was Approved

Jan 21, 2021

Amount Forgiven

$243,000.52

Date Loan was Forgiven

Sep 29, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

241,397

Lender

CorTrust Bank National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

423850

Borrower Location

Robbinsdale, MN

Project Location

Robbinsdale, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.