Builders Carpet, Inc.

$562,700 PPP Loan in Otsego, Minnesota

Loan Details

Loan Number
8824027010
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$562,700
Current Approval
$562,700
Forgiveness Amount
$565,936
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Builders Carpet, Inc.
Address
5600 Queens Ave NE
City
Otsego
ZIP Code
55330-6401
Business Type
Corporation
Industry (NAICS)
Construction (238330)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$11.4M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$450,160
Rent
$22,508
Utilities
$22,508
Health Care
$22,508
Mortgage Interest
$22,508
Debt Interest
$22,508

Lender Information

Servicing Lender
Americana Community Bank
Originating Lender
Americana Community Bank

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