PPP Loan information for Residual materials, inc

$509,000

Residual materials, inc was initially approved for PPP Loan of amount $509,000, the current approved amount is $509,000. The loan was approved on 04/14/2020 by The Alerus Financial, National Association reported 35 jobs and $509,000 was used to fund payroll.

Residual materials, inc is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Residual materials, inc

RESIDUAL MATERIALS, INC

Date Approved

04/14/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

RESIDUAL MATERIALS, INC

Borrower Address

222 Red Dot Place

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58203-1548

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

509000.00

Current Approval Amount

509000.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND FORKS

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58203-1548

CD

ND-

Jobs Reported

35

NAICS Code

423930

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

63625.00

Payroll Proceed

381750.00

Mortgage Interest Proceed

63625.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

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

501689.06

Forgiveness Date

11/05/2020

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