The Spruce Valley Corporation

$460,262 PPP Loan in Middle River, Minnesota

Loan Details

Loan Number
9936287104
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$460,262
Current Approval
$460,262
Forgiveness Amount
$465,180
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
The Spruce Valley Corporation
Address
39469 130th Ave NE
ZIP Code
56737-9799
Business Type
Subchapter S Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (532412)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$8.6M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$345,197
Utilities
$115,065

Lender Information

Servicing Lender
Northern State Bank of Thief River Falls
Originating Lender
Northern State Bank of Thief River Falls

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