Paape Distributing Company

$1,180,959 PPP Loan in Mankato, Minnesota

Loan Details

Loan Number
8604918305
Date Approved
Jan 29, 2021
Loan Status
Paid in Full
Initial Approval
$1,180,959
Current Approval
$1,180,959
Forgiveness Amount
$1,187,171
Forgiveness Date
Aug 20, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Paape Distributing Company
Address
307 Mckinzie St S
ZIP Code
56001-1800
Business Type
Corporation
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$19.6M
Rural/Urban
Urban
Congressional District
MN-01

Loan Use Breakdown

Payroll
$1,180,958
Utilities
$1

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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