AMERICAN TIME & SIGNAL CO (MN) - 2020 PPP Loan Borrower Profile (# 6226077004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN TIME & SIGNAL CO. 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

6226077004

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$684,500

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$688,359.82

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

14,000

Payroll Proced

575,500

Rent Proceed

50,000

Health Care Proceed

45,000

Lender

Deerwood Bank

Business Detail

Business Type

Corporation

NAICS

334519

Borrower Location

DASSEL, MN

Project Location

DASSEL, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.