APPLETON OIL COMPANY INC (MN) - 2020 PPP Loan Borrower Profile (# 5822457002)

Updated on April 18, 2025.

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

5822457002

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$96,140

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$96,888.05

Date Loan was Forgiven

Jan 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,614

Payroll Proced

86,526

Rent Proceed

6,000

Lender

Farmers and Merchants State Bank of Appleton

Business Detail

Business Type

Corporation

NAICS

811111

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.