ANDERSON AUTOMATICS INC. (MN) - 2020 PPP Loan Borrower Profile (# 9680067005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANDERSON AUTOMATICS 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

9680067005

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$240,500

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$243,412.72

Date Loan was Forgiven

Jun 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,500

Payroll Proced

180,352

Rent Proceed

36,374

Health Care Proceed

14,274

Lender

VisionBank

Business Detail

Business Type

Corporation

NAICS

332721

Borrower Location

MINNEAPOLIS, MN

Project Location

MINNEAPOLIS, 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.