PPP Loan information for Hope electric, inc.

$750,000

Hope electric, inc. was initially approved for PPP Loan of amount $750,000, the current approved amount is $750,000. The loan was approved on 04/06/2020 by The Dakota Heritage Bank reported 50 jobs and $750,000 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

04/06/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

HOPE ELECTRIC, INC.

Borrower Address

801 Steele Ave

Borrower City

HOPE

Borrower State

ND

Borrower Zip

58046-4622

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

750000.00

Current Approval Amount

750000.00

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

5000.00

Payroll Proceed

577122.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

151678.00

Debt Interest Proceed

6200

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

756041.10

Forgiveness Date

02/02/2021

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