PPP Loan information for Advanced business methods, inc.

$1,056,800

Advanced business methods, inc. was initially approved for PPP Loan of amount $1,056,800, the current approved amount is $1,056,800. The loan was approved on 04/13/2020 by The Alerus Financial, National Association reported 63 jobs and $1,056,800 was used to fund payroll.

Advanced business methods, inc. is Existing or more than 2 years old

PPP Loan Search / ND / WEST FARGO / Advanced business methods, inc.

ADVANCED BUSINESS METHODS, INC.

Date Approved

04/13/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

ADVANCED BUSINESS METHODS, INC.

Borrower Address

1515 13th Ave East

Borrower City

WEST FARGO

Borrower State

ND

Borrower Zip

58078-3403

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1056800.00

Current Approval Amount

1056800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST FARGO

Project County Name

CASS

Project State

ND

Project Zip

58078-3403

CD

ND-

Jobs Reported

63

NAICS Code

423420

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

127225.00

Payroll Proceed

802350.00

Mortgage Interest Proceed

0.00

Rent Proceed

127225.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1063082.09

Forgiveness Date

11/23/2020

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