PPP Loan information for Craft electric inc.

$980,000

Craft electric inc. was initially approved for PPP Loan of amount $980,000, the current approved amount is $980,000. The loan was approved on 02/13/2021 by The United Community Bank of North Dakota reported 28 jobs and $980,000 was used to fund payroll.

Craft electric inc. is Existing or more than 2 years old

PPP Loan Search / ND / Stanley / Craft electric inc.

CRAFT ELECTRIC INC.

Date Approved

02/13/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

CRAFT ELECTRIC INC.

Borrower Address

6121 Highway 8

Borrower City

Stanley

Borrower State

ND

Borrower Zip

58784

Loan Status Date

08/20/2022

Loan Status

Charged Off

Term

42

SBA Guaranty Percentage

100

Initial Approval Amount

980000.00

Current Approval Amount

980000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52878

Servicing Lender Name

United Community Bank of North Dakota

Servicing Lender Address

105 Central Ave S

Servicing Lender City

LEEDS

Servicing Lender State

ND

Servicing Lender Zip

58346

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Stanley

Project County Name

MOUNTRAIL

Project State

ND

Project Zip

58784

CD

ND-

Jobs Reported

28

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

979994.00

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

52878

Originating Lender

United Community Bank of North Dakota

Originating Lender City

LEEDS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

796767.96

Forgiveness Date

10/25/2021

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