ANDERSON FABRICS INC. (MN) - 2020 PPP Loan Borrower Profile (# 7375777000)

Updated on April 18, 2025.

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

7375777000

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,688,900

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$1,705,280.02

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

168,866

Payroll Proced

1,351,168

Rent Proceed

168,866

Lender

Bank Forward

Business Detail

Business Type

Subchapter S Corporation

NAICS

315280

Borrower Location

BLACKDUCK, MN

Project Location

BLACKDUCK, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

260

Business Age Description

Existing or more than 2 years old

Data Source: SBA.