PPP Loan information for Abrasives incorporated

$536,800

Abrasives incorporated was initially approved for PPP Loan of amount $368,900, the current approved amount is $536,800. The loan was approved on 04/03/2020 by The Choice Financial Group reported 26 jobs and $536,800 was used to fund payroll.

Abrasives incorporated is Existing or more than 2 years old

PPP Loan Search / ND / GLEN ULLIN / Abrasives incorporated

ABRASIVES INCORPORATED

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

ABRASIVES INCORPORATED

Borrower Address

4090 Highway 49

Borrower City

GLEN ULLIN

Borrower State

ND

Borrower Zip

58631

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

368900.00

Current Approval Amount

536800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52934

Servicing Lender Name

Choice Financial Group

Servicing Lender Address

4501 23rd Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8782

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GLEN ULLIN

Project County Name

MORTON

Project State

ND

Project Zip

58631-0001

CD

ND-

Jobs Reported

26

NAICS Code

212321

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

536800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52934

Originating Lender

Choice Financial Group

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

539770.78

Forgiveness Date

11/03/2020

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