PPP Loan information for Hope electric inc.

$826,300

Hope electric inc. was initially approved for PPP Loan of amount $826,300, the current approved amount is $826,300. The loan was approved on 02/05/2021 by The Dakota Heritage Bank reported 50 jobs and $826,300 was used to fund payroll.

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

PPP Loan Search / ND / Hope / Hope electric inc.

HOPE ELECTRIC INC.

Date Approved

02/05/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

HOPE ELECTRIC INC.

Borrower Address

801 Steele Ave

Borrower City

Hope

Borrower State

ND

Borrower Zip

58046-4622

Loan Status Date

12/04/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

826300.00

Current Approval Amount

826300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52856

Servicing Lender Name

Dakota Heritage Bank

Servicing Lender Address

109 Main St

Servicing Lender City

HUNTER

Servicing Lender State

ND

Servicing Lender Zip

58048

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hope

Project County Name

STEELE

Project State

ND

Project Zip

58046-4622

CD

ND-

Jobs Reported

50

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

826295.00

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

Subchapter S Corporation

Originating Lender Location Id

52856

Originating Lender

Dakota Heritage Bank

Originating Lender City

HUNTER

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

832502.91

Forgiveness Date

11/10/2021

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