PPP Loan information for Mba development company

$357,500

Mba development company was initially approved for PPP Loan of amount $357,500, the current approved amount is $357,500. The loan was approved on 04/03/2020 by The Cornerstone Bank reported 25 jobs and $357,500 was used to fund payroll.

Mba development company is Existing or more than 2 years old

PPP Loan Search / ND / FARGO / Mba development company

MBA DEVELOPMENT COMPANY

Date Approved

04/03/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MBA DEVELOPMENT COMPANY

Borrower Address

505 N Broadway Suite 201

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58102-4489

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

357500.00

Current Approval Amount

357500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58102-4489

CD

ND-

Jobs Reported

25

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

47500.00

Payroll Proceed

270000.00

Mortgage Interest Proceed

0.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

360220.97

Forgiveness Date

01/13/2021

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