Paape Distributing Company
$1,180,959 PPP Loan in Mankato, Minnesota
Loan Details
- Loan Number
- 2144457107
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,180,959
- Current Approval
- $1,180,959
- Forgiveness Amount
- $1,188,323
- Forgiveness Date
- Feb 12, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Paape Distributing Company
- Address
- 307 Mckinzie St.south
- City
- Mankato
- State
- Minnesota
- ZIP Code
- 56001-1800
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423730)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 62
- Estimated Revenue
- $19.0M
- Rural/Urban
- Urban
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $890,000
- Utilities
- $290,959
Lender Information
- Servicing Lender
- Frandsen Bank & Trust
- Originating Lender
- Frandsen Bank & Trust
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