ANDERSON CUSTOM PROCESSING, INC (MN) - 2020 PPP Loan Borrower Profile (# 4618357800)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANDERSON CUSTOM PROCESSING, 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

4618357800

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,200,000

Date Loan was Approved

May 28, 2020

Amount Forgiven

$1,207,561.64

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

300,000

Payroll Proced

900,000

Lender

Frandsen Bank & Trust

Business Detail

Business Type

Corporation

NAICS

311423

Borrower Location

LITTLE FALLS, MN

Project Location

LITTLE FALLS, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.