APPLIED PRODUCTS, INC. (MN) - 2020 PPP Loan Borrower Profile (# 7512287101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLIED PRODUCTS, 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

7512287101

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$1,560,800

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$1,569,297.69

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

62,160

Payroll Proced

1,248,640

Rent Proceed

250,000

Lender

Lake Region Bank

Business Detail

Business Type

Corporation

NAICS

423840

Borrower Location

MINNETONKA, MN

Project Location

MINNETONKA, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.