Integrated Process Solutions, Inc.
$625,200 PPP Loan in Fosston, Minnesota
Loan Details
- Loan Number
- 3380507105
- Date Approved
- Apr 11, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $625,200
- Current Approval
- $625,200
- Forgiveness Amount
- $630,045
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Integrated Process Solutions, Inc.
- Address
- 34696 412th St SE
- City
- Fosston
- State
- Minnesota
- ZIP Code
- 56542-9411
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 35
- Estimated Revenue
- $11.5M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $468,900
- Rent
- $78,150
- Utilities
- $78,150
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
Other PPP Loans in Fosston, MN
| Business | Approved | |
|---|---|---|
| Integrated Process Solutions Inc. | $621,400 |  Research |
| Minnesota Dehydrated Vegetables, Inc. | $592,000 | Research |
| Palubicki's, Inc. | $366,500 | Research |
| Health Services Network, Inc. | $258,400 | Research |
| Fosston Pharmacy & Gifts Inc. | $213,100 | Research |
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