API AUTO PARTS INC (MN) - 2020 PPP Loan Borrower Profile (# 4538887109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to API AUTO PARTS 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

4538887109

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$121,500

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$122,526

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

97,200

Rent Proceed

4,300

Lender

Park State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441310

Borrower Location

HIBBING, MN

Project Location

HIBBING, 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.