Advantage 1 Insurance Agency, Inc.

$387,500 PPP Loan in Saint Cloud, Minnesota

Loan Details

Loan Number
5010977010
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$387,500
Current Approval
$387,500
Forgiveness Amount
$391,163
Forgiveness Date
Mar 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advantage 1 Insurance Agency, Inc.
Address
3801 North 3rd St.
ZIP Code
56303
Business Type
Corporation
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$18.5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$319,393
Rent
$27,078
Utilities
$2,500
Health Care
$25,529
Mortgage Interest
$13,000

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Stearns Bank National Association

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