APPLEBANK INC. (MN) - 2020 PPP Loan Borrower Profile (# 9497228101)

Updated on April 18, 2025.

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

9497228101

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$4,032

Date Loan was Approved

Jul 28, 2020

Amount Forgiven

$4,053.43

Date Loan was Forgiven

Feb 9, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

806.4

Payroll Proced

3,225.6

Lender

Farmers and Merchants State Bank of Appleton

Business Detail

Business Type

Sole Proprietorship

NAICS

722410

Borrower Location

APPLETON, MN

Project Location

APPLETON, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.