APPLETON POWER EQUIPMENT LLC (MN) - 2020 PPP Loan Borrower Profile (# 5911367001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLETON POWER EQUIPMENT LLC. 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

5911367001

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$13,312

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$13,380.57

Date Loan was Forgiven

Oct 20, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,500

Payroll Proced

10,650

Mortgage Interest Proceed

1,162

Lender

Farmers and Merchants State Bank of Appleton

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423830

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.