PPP Loan information for Loren richards inc

$555,800

Loren richards inc was initially approved for PPP Loan of amount $555,800, the current approved amount is $555,800. The loan was approved on 04/14/2020 by The Alerus Financial, National Association reported 35 jobs and $555,800 was used to fund payroll.

Loren richards inc is Existing or more than 2 years old

PPP Loan Search / ND / FARGO / Loren richards inc

LOREN RICHARDS INC

Date Approved

04/14/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

LOREN RICHARDS INC

Borrower Address

510 40TH ST N

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58102-3961

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

555800.00

Current Approval Amount

555800.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58102-3961

CD

ND-

Jobs Reported

35

NAICS Code

484110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

69500.00

Payroll Proceed

416800.00

Mortgage Interest Proceed

0.00

Rent Proceed

69500.00

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

549059.64

Forgiveness Date

11/25/2020

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