APPLE MOTOR COMPANY, INC. (MN) - 2020 PPP Loan Borrower Profile (# 3321207109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLE MOTOR COMPANY, 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

3321207109

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$515,200

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$520,180.27

Date Loan was Forgiven

Mar 31, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

64,312

Payroll Proced

386,475

Rent Proceed

64,413

Lender

Alerus Financial, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

NORTHFIELD, MN

Project Location

NORTHFIELD, MN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.