Checked
PPP Loans in ZIP Code 55602
4 loans worth $49.1K went to borrowers in 55602 (Babbitt, MN) in 2020 and 2021.
- Loans
- 4
- Program ran 2020 to 2021
- Total approved
- $49.1K
- Average $12,276
- Jobs reported
- 14
- Forgiven
- $49.8K
- 101% of approved
PPP loans in 55602
Largest first (4 loans)
| Borrower | Loan | Jobs | Forgiven | Approved |
|---|---|---|---|---|
| Northern Groundsource INC.Construction | $23.8K | 3 | $24.2KForgiven on 09/08/2021 | 05/01/2020 |
| Sole proprietorHealth care and social assistance | $10.5K | 1 | $10.7KForgiven on 11/29/2022 | 05/31/2020 |
| Hugo's INCAccommodation and food services · Second draw | $8,645 | 5 | $8,690Forgiven on 11/03/2021 | 04/24/2021 |
| Hugo's INCAccommodation and food services | $6,172 | 5 | $6,224Forgiven on 12/14/2021 | 02/02/2021 |
Names of sole proprietors, self-employed individuals and independent contractors are not shown. Street addresses are not shown for any borrower.
Frequently asked questions
- How many PPP loans went to businesses in ZIP code 55602?
- Lenders approved 4 PPP loans worth $49,105 for borrowers in 55602, an average of $12,276.
- What was the largest PPP loan in 55602?
- The largest was $23,838 to Northern Groundsource INC., which reported 3 jobs.