PPP Loan information for Formall, inc

$108,600

Formall, inc was initially approved for PPP Loan of amount $108,600, the current approved amount is $108,600. The loan was approved on 04/15/2020 by The Alerus Financial, National Association reported 9 jobs and $108,600 was used to fund payroll.

Formall, inc is Existing or more than 2 years old

PPP Loan Search / ND / WEST FARGO / Formall, inc

FORMALL, INC

Date Approved

04/15/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

FORMALL, INC

Borrower Address

524 7TH AVE NE

Borrower City

WEST FARGO

Borrower State

ND

Borrower Zip

58078-1009

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

108600.00

Current Approval Amount

108600.00

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

58078-1009

CD

ND-

Jobs Reported

9

NAICS Code

238120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

13500.00

Payroll Proceed

81600.00

Mortgage Interest Proceed

13500.00

Rent Proceed

0.00

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

109381.32

Forgiveness Date

01/07/2021

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