Palace Theatre Operations, LLC

$245,990 PPP Loan in Minneapolis, Minnesota

Loan Details

Loan Number
6596687007
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$245,990
Current Approval
$245,990
Forgiveness Amount
$249,110
Forgiveness Date
Jul 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Palace Theatre Operations, LLC
Address
701 1st Ave
ZIP Code
55403-1327
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Arts, Entertainment, and Recreation (711310)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
MN-05

Loan Use Breakdown

Payroll
$190,000
Rent
$40,000
Utilities
$12,990
Debt Interest
$3,000

Lender Information

Servicing Lender
Crown Bank
Originating Lender
Crown Bank

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