PPP Loan information for Integrated process solutions, inc.

$625,200

Integrated process solutions, inc. was initially approved for PPP Loan of amount $625,200, the current approved amount is $625,200. The loan was approved on 04/11/2020 by The Alerus Financial, National Association reported 35 jobs and $625,200 was used to fund payroll.

Integrated process solutions, inc. is Existing or more than 2 years old

PPP Loan Search / MN / FOSSTON / Integrated process solutions, inc.

INTEGRATED PROCESS SOLUTIONS, INC.

Date Approved

04/11/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

INTEGRATED PROCESS SOLUTIONS, INC.

Borrower Address

34696 412TH ST SE

Borrower City

FOSSTON

Borrower State

MN

Borrower Zip

56542-9411

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

625200.00

Current Approval Amount

625200.00

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

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FOSSTON

Project County Name

POLK

Project State

MN

Project Zip

56542-9411

CD

MN-07

Jobs Reported

35

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

78150.00

Payroll Proceed

468900.00

Mortgage Interest Proceed

0.00

Rent Proceed

78150.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

630045.30

Forgiveness Date

01/20/2021

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