People First Foods, Inc.
$3,500,400 PPP Loan in New London, Minnesota
Loan Details
- Loan Number
- 5364337003
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $3,500,400
- Current Approval
- $3,500,400
- Forgiveness Amount
- $3,533,265
- Forgiveness Date
- Mar 22, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- People First Foods, Inc.
- Address
- 301 Birch St SE
- City
- New London
- State
- Minnesota
- ZIP Code
- 56273-8532
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (236220)
- Franchise
- Mcdonalds
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $569.7M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $2,625,300
- Rent
- $437,550
- Utilities
- $437,550
Lender Information
- Servicing Lender
- Lake Forest Bank & Trust Company, National Association
- Originating Lender
- Lake Forest Bank & Trust Company, National Association
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