Loans Issued BY Glenwood State Bank Incorporated

Loan Amount Company Name Location Lender
$2-5M ROBERT W. RICE Council bluffs , IA Glenwood State Bank
$350K-1M TABOR MANOR CARE CENTER, INC. Tabor , IA Glenwood State Bank
$150K-350K CPS LH, LLC Pacific junction , IA Glenwood State Bank
$150K-350K T.R.L. CO. Council bluffs , IA Glenwood State Bank
$350K-1M MARTHALER AUTOMOTIVE OF MARQUETTE, INC Marquette , MI Glenwood State Bank Incorporated
$150K-350K MARTHALER AUTOMOTIVE OF MICHIGAN, INC. Houghton , MI Glenwood State Bank Incorporated
$2-5M DANIELS HOLDING CO., INC. Albertville , MN Glenwood State Bank Incorporated
$2-5M RILEY BROS. CONSTRUCTION, INC. Morris , MN Glenwood State Bank Incorporated
$350K-1M BAKKO BROS., INC. Glenwood , MN Glenwood State Bank Incorporated
$350K-1M BROTHER'S MARKET, INC. Alexandria , MN Glenwood State Bank Incorporated
$350K-1M CLYDE MACHINES, INC. Glenwood , MN Glenwood State Bank Incorporated
$350K-1M DIVERSIFIED FOUNDATIONS, LLC Alexandria , MN Glenwood State Bank Incorporated
$350K-1M GLENWOOD VILLAGE CARE CENTER, INC Glenwood , MN Glenwood State Bank Incorporated
$350K-1M H. BOYD NELSON INC. Alexandria , MN Glenwood State Bank Incorporated
$350K-1M HENSLEY, INC. Osakis , MN Glenwood State Bank Incorporated
$350K-1M HINW, LLC Willmar , MN Glenwood State Bank Incorporated
$350K-1M INNOVATIVE BUILDERS OF ALEXANDRIA, INC. Alexandria , MN Glenwood State Bank Incorporated
$350K-1M LAKES AREA GRAPHIX AND SIGNWORX INC Farwell , MN Glenwood State Bank Incorporated
$350K-1M LMC ENTERPRISES, INC. Lowry , MN Glenwood State Bank Incorporated
$350K-1M MARTHALER AUTOMOTIVE OF WORTHINGTON, INC. Worthington , MN Glenwood State Bank Incorporated
$350K-1M MARTHALER AUTOMOTIVE, LTD. Glenwood , MN Glenwood State Bank Incorporated
$350K-1M ROSE CITY CANOPY, INC. Eagle bend , MN Glenwood State Bank Incorporated
$350K-1M SKID STEER CENTRAL, LLC Garfield , MN Glenwood State Bank Incorporated
$150K-350K ALEX BRICK & STONE, INC. Alexandria , MN Glenwood State Bank Incorporated
$150K-350K ALEX RUBBISH & RECYCLING, INC. Alexandria , MN Glenwood State Bank Incorporated
$150K-350K ALEXANDRIA EYE CLINIC, P.A. Alexandria , MN Glenwood State Bank Incorporated
$150K-350K CYNW, LLC Willmar , MN Glenwood State Bank Incorporated
$150K-350K GEORGE W SHEETS Alexandria , MN Glenwood State Bank Incorporated
$150K-350K GLACIAL RIDGE VETERINARY CLINIC, P.A. Glenwood , MN Glenwood State Bank Incorporated
$150K-350K GUSTAFSON MECHANICAL, INC. Alexandria , MN Glenwood State Bank Incorporated
$150K-350K HERITAGE TRANSPORT, INC. Alexandria , MN Glenwood State Bank Incorporated
$150K-350K HIX ROSEVILLE, LLC Willmar , MN Glenwood State Bank Incorporated
$150K-350K HR, LLC Willmar , MN Glenwood State Bank Incorporated
$150K-350K I-SITE DEVELOPMENT, LLC Plymouth , MN Glenwood State Bank Incorporated
$150K-350K KADEJAN, INC. Glenwood , MN Glenwood State Bank Incorporated

Frequently Asked Questions (FAQs)

A1: The CARES Act, officially known as the Coronavirus Aid, Relief, and Economic Security Act, is a federal law passed in March 2020 to provide economic relief to individuals, businesses, and healthcare providers affected by the COVID-19 pandemic.

The Paycheck Protection Program (PPP) is a part of the CARES Act designed to provide forgivable loans to small businesses to help cover payroll costs, rent, and other eligible expenses during the COVID-19 pandemic.

Small businesses, nonprofits, independent contractors, and self-employed individuals were generally eligible for PPP loans. Eligibility criteria and requirements may vary, so it's essential to check with the Small Business Administration (SBA) or your lender for specific details.

PPP loans were generally calculated based on a business's average monthly payroll costs. In most cases, businesses could receive up to 2.5 times their average monthly payroll costs, up to a maximum loan amount.

Yes, PPP loans are forgivable if the funds are used for eligible expenses like payroll, rent, and utilities. A certain percentage (usually 60% or more) of the loan must be used for payroll to qualify for full forgiveness

You can apply for a PPP loan through participating lenders, such as banks and credit unions. The SBA's website provides a list of lenders who participated in the program

Required documents typically include payroll records, tax forms, and other financial documents. Consult with your lender for specific documentation requirements

Deadlines for PPP loan applications have changed over time. It's essential to check the latest deadlines on the SBA's website or with your lender.

Yes, there is a second round of PPP loans (PPP2) available to eligible businesses. Requirements and eligibility criteria for PPP2 may differ from the first round.

You can request loan forgiveness through your lender by submitting the required documentation and forms. The forgiveness application process may vary based on the size and terms of your loan.